GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) Sees Significant Decrease in Short Interest

GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) saw a significant decline in short interest in February. As of February 15th, there was short interest totalling 17,000 shares, a decline of 11.9% from the January 31st total of 19,300 shares. Based on an average daily volume of 36,400 shares, the short-interest ratio is presently 0.5 days.

GAMCO Natural Resources, Gold & Income Trust Stock Performance

Shares of GAMCO Natural Resources, Gold & Income Trust stock opened at $5.88 on Friday. The stock’s 50-day simple moving average is $5.71 and its 200-day simple moving average is $5.78. GAMCO Natural Resources, Gold & Income Trust has a 52 week low of $5.02 and a 52 week high of $6.16.

GAMCO Natural Resources, Gold & Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, June 23rd. Investors of record on Friday, June 13th will be given a $0.04 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 8.16%.

Insider Activity at GAMCO Natural Resources, Gold & Income Trust

In other news, major shareholder Saba Capital Management, L.P. sold 14,415 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $5.80, for a total value of $83,607.00. Following the transaction, the insider now directly owns 1,812,289 shares in the company, valued at $10,511,276.20. The trade was a 0.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

Hedge funds have recently made changes to their positions in the company. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in shares of GAMCO Natural Resources, Gold & Income Trust in the fourth quarter worth about $70,000. Alteri Wealth LLC purchased a new stake in shares of GAMCO Natural Resources, Gold & Income Trust in the fourth quarter worth about $75,000. Stephens Inc. AR lifted its position in shares of GAMCO Natural Resources, Gold & Income Trust by 21.9% in the third quarter. Stephens Inc. AR now owns 13,210 shares of the investment management company’s stock worth $78,000 after buying an additional 2,375 shares in the last quarter. Samalin Investment Counsel LLC purchased a new stake in shares of GAMCO Natural Resources, Gold & Income Trust in the fourth quarter worth about $93,000. Finally, Quarry LP purchased a new stake in shares of GAMCO Natural Resources, Gold & Income Trust in the third quarter worth about $151,000.

About GAMCO Natural Resources, Gold & Income Trust

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.