GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) Short Interest Update

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) was the recipient of a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 61,200 shares, a drop of 60.2% from the February 28th total of 153,900 shares. Based on an average trading volume of 545,900 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On GAMCO Global Gold, Natural Resources & Income Trust

A number of hedge funds have recently made changes to their positions in the company. Formidable Asset Management LLC increased its position in shares of GAMCO Global Gold, Natural Resources & Income Trust by 1.3% during the fourth quarter. Formidable Asset Management LLC now owns 1,816,056 shares of the investment management company’s stock worth $6,847,000 after purchasing an additional 22,583 shares in the last quarter. Sovran Advisors LLC purchased a new stake in shares of GAMCO Global Gold, Natural Resources & Income Trust during the fourth quarter worth $4,047,000. Commonwealth Equity Services LLC grew its holdings in shares of GAMCO Global Gold, Natural Resources & Income Trust by 6.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 666,959 shares of the investment management company’s stock worth $2,514,000 after buying an additional 41,687 shares in the last quarter. Bank of America Corp DE raised its position in shares of GAMCO Global Gold, Natural Resources & Income Trust by 1.7% in the fourth quarter. Bank of America Corp DE now owns 649,865 shares of the investment management company’s stock valued at $2,450,000 after buying an additional 10,868 shares during the last quarter. Finally, LPL Financial LLC lifted its stake in shares of GAMCO Global Gold, Natural Resources & Income Trust by 1.6% in the fourth quarter. LPL Financial LLC now owns 449,419 shares of the investment management company’s stock worth $1,694,000 after buying an additional 7,087 shares in the last quarter.

GAMCO Global Gold, Natural Resources & Income Trust Price Performance

GAMCO Global Gold, Natural Resources & Income Trust stock opened at $4.34 on Thursday. GAMCO Global Gold, Natural Resources & Income Trust has a 12 month low of $3.75 and a 12 month high of $4.48.

GAMCO Global Gold, Natural Resources & Income Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Tuesday, April 15th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.36 annualized dividend and a dividend yield of 8.29%.

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.