GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) Short Interest Up 176.4% in August

by · The Markets Daily

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN – Get Free Report) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 118,643 shares, an increase of 176.4% from the August 15th total of 42,921 shares. Based on an average daily trading volume, of 618,776 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada increased its stake in GAMCO Global Gold, Natural Resources & Income Trust by 7.2% in the 1st quarter. Royal Bank of Canada now owns 251,961 shares of the investment management company’s stock worth $1,101,000 after acquiring an additional 16,841 shares during the last quarter. Baird Financial Group Inc. raised its position in shares of GAMCO Global Gold, Natural Resources & Income Trust by 18.1% during the 2nd quarter. Baird Financial Group Inc. now owns 98,070 shares of the investment management company’s stock valued at $431,000 after buying an additional 15,061 shares in the last quarter. Walleye Capital LLC bought a new stake in shares of GAMCO Global Gold, Natural Resources & Income Trust during the 2nd quarter worth $198,000. Raymond James Financial Inc. grew its position in GAMCO Global Gold, Natural Resources & Income Trust by 40.7% in the second quarter. Raymond James Financial Inc. now owns 460,108 shares of the investment management company’s stock worth $2,020,000 after acquiring an additional 133,037 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in GAMCO Global Gold, Natural Resources & Income Trust by 9.4% in the second quarter. Bank of America Corp DE now owns 946,230 shares of the investment management company’s stock valued at $4,154,000 after acquiring an additional 81,045 shares during the last quarter.

GAMCO Global Gold, Natural Resources & Income Trust Stock Up 0.2%

Shares of GGN stock opened at $5.56 on Friday. GAMCO Global Gold, Natural Resources & Income Trust has a 52 week low of $4.63 and a 52 week high of $5.88. The firm’s 50-day simple moving average is $5.23 and its two-hundred day simple moving average is $5.25.

GAMCO Global Gold, Natural Resources & Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 11th will be paid a $0.035 dividend. The ex-dividend date is Friday, December 11th. This represents a c) annualized dividend and a yield of 7.6%.

GAMCO Global Gold, Natural Resources & Income Trust Company Profile

(Get Free Report)

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN: GGN) is a closed-end management investment company sponsored by GAMCO Investors, Inc The trust seeks to provide current income and secondarily capital appreciation by investing primarily in equity and income‐producing securities of gold, natural resource and other commodity-related issuers. Shares of GGN are traded on the NYSE American exchange, offering investors access to a diversified portfolio of companies involved in mining, energy production and related industries.

The fund’s portfolio typically includes common and preferred stocks, debt instruments, royalty interests and other income-producing securities issued by issuers engaged in exploration, extraction, processing and distribution of precious metals, energy and natural resources.

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