Short-term interest in GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN: GGN) drops 26.3%


GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN – Get Rating) saw a significant decline in short interest in March. As of March 31, there was selling interest totaling 34,700 shares, down 26.3% from the March 15 total of 47,100 shares. Based on an average daily volume of 790,000 shares, the day-to-cover ratio is currently 0.0 day.

Hedge funds and other institutional investors have recently been buying and selling shares of the company. Detalus Advisors LLC bought a new position in shares of GAMCO Global Gold, Natural Resources & Income Trust in the fourth quarter for a value of approximately $38,000. AE Wealth Management LLC bought a new stake in shares of GAMCO Global Gold, Natural Resources & Income Trust in Q4, valued at approximately $40,000. Level Four Advisory Services LLC purchased a new stake in shares of GAMCO Global Gold, Natural Resources & Income Trust in Q4, valued at approximately $45,000. Hendershot Investments Inc. bought a new stake in shares of GAMCO Global Gold, Natural Resources & Income Trust in Q4, valued at approximately $46,000. Finally, Moors & Cabot Inc. purchased a new stake in shares of GAMCO Global Gold, Natural Resources & Income Trust in Q3, valued at approximately $51,000.

Shares of GAMCO Global Gold, Natural Resources & Income Trust traded down $0.01 at midday on Friday, hitting $4.06. 462,699 shares of the company were traded, compared to its average volume of 770,411. GAMCO Global Gold, Natural Resources & Income Trust has a 12-month low of $3.54 and a 12-month high of 4 $.32.

The company also recently announced a monthly dividend, which will be paid on Thursday, June 23. Shareholders of record on Wednesday, June 15 will receive a dividend of $0.03. This represents an annualized dividend of $0.36 and a dividend yield of 8.87%. The ex-dividend date is Tuesday, June 14.

GAMCO Global Gold, Natural Resources & Income Trust Company Profile (Get an evaluation)

GAMCO Global Gold, Natural Resources & Income Trust is a closed-end mutual fund launched by GAMCO Investors, Inc. The fund is managed by Gabelli Funds, LLC. It invests in stock markets around the world. The fund invests in shares of companies primarily engaged in the gold and natural resource industries, including companies primarily engaged in the exploration, mining, manufacturing, processing, distribution or trading of gold. gold, or the financing, management and control or operation of companies engaged in gold-related activities.

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