GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) Short Interest Up 7.5% in October

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 151,500 shares, a growth of 7.5% from the September 30th total of 140,900 shares. Based on an average daily trading volume, of 376,300 shares, the days-to-cover ratio is presently 0.4 days.

GAMCO Global Gold, Natural Resources & Income Trust Stock Down 0.7 %

GGN traded down $0.03 during mid-day trading on Thursday, reaching $4.37. 325,840 shares of the stock were exchanged, compared to its average volume of 399,595. GAMCO Global Gold, Natural Resources & Income Trust has a 1 year low of $3.54 and a 1 year high of $4.48.

GAMCO Global Gold, Natural Resources & Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 14th will be given a $0.03 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 8.24%. The ex-dividend date of this dividend is Thursday, November 14th.

Institutional Investors Weigh In On GAMCO Global Gold, Natural Resources & Income Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in GGN. Farther Finance Advisors LLC bought a new position in GAMCO Global Gold, Natural Resources & Income Trust in the 3rd quarter valued at $34,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in shares of GAMCO Global Gold, Natural Resources & Income Trust by 4.8% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 128,032 shares of the investment management company’s stock worth $548,000 after buying an additional 5,899 shares during the last quarter. Grimes & Company Inc. purchased a new stake in GAMCO Global Gold, Natural Resources & Income Trust during the third quarter worth about $47,000. International Assets Investment Management LLC boosted its stake in GAMCO Global Gold, Natural Resources & Income Trust by 328.2% in the third quarter. International Assets Investment Management LLC now owns 223,144 shares of the investment management company’s stock valued at $955,000 after acquiring an additional 171,029 shares during the last quarter. Finally, Private Advisor Group LLC increased its stake in shares of GAMCO Global Gold, Natural Resources & Income Trust by 72.1% during the 3rd quarter. Private Advisor Group LLC now owns 313,853 shares of the investment management company’s stock worth $1,343,000 after purchasing an additional 131,497 shares during the last quarter.

GAMCO Global Gold, Natural Resources & Income Trust Company Profile

GAMCO Global Gold, Natural Resources & 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 the public equity markets across the globe. The fund invests in stocks of companies principally engaged in the gold and natural resources industries including companies principally engaged in the exploration, mining, fabrication, processing, distribution, or trading of gold, or the financing, managing and controlling, or operating of companies engaged in gold related activities.