GAMCO Global Gold Ntrl Rsrcs & Incm Trst (GGN) Short Interest Update

GAMCO Global Gold Ntrl Rsrcs & Incm Trst (NYSE:GGN) saw a large growth in short interest in the month of October. As of October 13th, there was short interest totalling 435,366 shares, a growth of 25.5% from the September 29th total of 346,960 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 341,649 shares, the short-interest ratio is currently 1.3 days.

Several institutional investors have recently added to or reduced their stakes in GGN. Cetera Investment Advisers acquired a new position in shares of GAMCO Global Gold Ntrl Rsrcs & Incm Trst in the second quarter valued at approximately $497,000. Oxbow Advisors LLC boosted its holdings in shares of GAMCO Global Gold Ntrl Rsrcs & Incm Trst by 3.2% in the third quarter. Oxbow Advisors LLC now owns 2,806,561 shares of the investment management company’s stock valued at $15,745,000 after buying an additional 87,721 shares during the period. Citadel Advisors LLC acquired a new position in shares of GAMCO Global Gold Ntrl Rsrcs & Incm Trst in the second quarter valued at approximately $119,000. BB&T Securities LLC boosted its holdings in shares of GAMCO Global Gold Ntrl Rsrcs & Incm Trst by 15.8% in the second quarter. BB&T Securities LLC now owns 141,944 shares of the investment management company’s stock valued at $782,000 after buying an additional 19,352 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of GAMCO Global Gold Ntrl Rsrcs & Incm Trst by 8.7% in the second quarter. Janney Montgomery Scott LLC now owns 186,975 shares of the investment management company’s stock valued at $1,030,000 after buying an additional 14,945 shares during the period.

Shares of GAMCO Global Gold Ntrl Rsrcs & Incm Trst (GGN) opened at 5.48 on Friday. GAMCO Global Gold Ntrl Rsrcs & Incm Trst has a 52 week low of $5.07 and a 52 week high of $6.26. The firm’s 50 day moving average is $5.61 and its 200-day moving average is $5.62.

The business also recently declared a monthly dividend, which was paid on Tuesday, October 24th. Stockholders of record on Tuesday, October 17th were issued a $0.05 dividend. This represents a $0.60 annualized dividend and a dividend yield of 10.95%. The ex-dividend date of this dividend was Monday, October 16th.

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GAMCO Global Gold Ntrl Rsrcs & Incm Trst Company Profile

GAMCO Global Gold, Natural Resources & Income Trust (the Fund) is a non-diversified closed-end management investment company. The Fund’s primary investment objective is to provide a high level of current income. The Fund’s secondary investment objective is to seek capital appreciation consistent with the Fund’s strategy and its primary objective.

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