Short Interest in GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) Grows By 127.6%

GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) was the target of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 38,700 shares, an increase of 127.6% from the February 13th total of 17,000 shares. Based on an average daily trading volume, of 38,900 shares, the short-interest ratio is presently 1.0 days.

GAMCO Natural Resources, Gold & Income Trust Price Performance

NYSE GNT opened at $5.91 on Friday. GAMCO Natural Resources, Gold & Income Trust has a twelve month low of $5.02 and a twelve month high of $6.16. The business’s fifty day moving average is $5.77 and its 200 day moving average is $5.78.

GAMCO Natural Resources, Gold & Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 23rd. Investors of record on Friday, June 13th will be issued a dividend of $0.04 per share. This represents a $0.48 annualized dividend and a dividend yield of 8.12%. The ex-dividend date of this dividend is Friday, June 13th.

Insider Activity at GAMCO Natural Resources, Gold & Income Trust

In other GAMCO Natural Resources, Gold & Income Trust news, major shareholder Saba Capital Management, L.P. sold 14,415 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $5.80, for a total transaction of $83,607.00. Following the completion of the sale, the insider now directly owns 1,812,289 shares in the company, valued at $10,511,276.20. This represents a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Alteri Wealth LLC bought a new position in GAMCO Natural Resources, Gold & Income Trust during the 4th quarter worth $75,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in GAMCO Natural Resources, Gold & Income Trust during the 4th quarter worth $70,000. Raymond James Financial Inc. bought a new position in GAMCO Natural Resources, Gold & Income Trust during the 4th quarter worth $1,806,000. LPL Financial LLC raised its position in GAMCO Natural Resources, Gold & Income Trust by 1.9% during the 4th quarter. LPL Financial LLC now owns 182,274 shares of the investment management company’s stock worth $964,000 after purchasing an additional 3,337 shares during the last quarter. Finally, Samalin Investment Counsel LLC bought a new position in shares of GAMCO Natural Resources, Gold & Income Trust in the 4th quarter worth about $93,000.

GAMCO Natural Resources, Gold & Income Trust Company Profile

GAMCO Natural Resources, Gold & Income Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity markets across the globe. The fund invests in securities of companies principally engaged in natural resource and gold industries and by writing covered call options on the underlying equity securities.