GAMCO Global Gold Ntrl Rsrcs & Incm Trst (GGN) Sees Large Growth in Short Interest

GAMCO Global Gold Ntrl Rsrcs & Incm Trst (NYSE:GGN) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totalling 380,527 shares, a growth of 119.2% from the August 15th total of 173,627 shares. Based on an average trading volume of 392,477 shares, the short-interest ratio is currently 1.0 days. Currently, 0.3% of the shares of the stock are short sold.

Shares of GAMCO Global Gold Ntrl Rsrcs & Incm Trst (GGN) traded down 0.52% during trading on Tuesday, hitting $5.69. The stock had a trading volume of 554,528 shares. GAMCO Global Gold Ntrl Rsrcs & Incm Trst has a 12-month low of $5.07 and a 12-month high of $6.50. The firm has a 50 day moving average price of $5.59 and a 200 day moving average price of $5.61.

The company also recently announced a monthly dividend, which will be paid on Tuesday, October 24th. Stockholders of record on Tuesday, October 17th will be paid a dividend of $0.05 per share. This represents a $0.60 annualized dividend and a dividend yield of 10.54%. The ex-dividend date is Monday, October 16th.

Hedge funds have recently bought and sold shares of the company. Citadel Advisors LLC purchased a new stake in shares of GAMCO Global Gold Ntrl Rsrcs & Incm Trst during the 2nd quarter worth about $119,000. Stifel Financial Corp boosted its stake in shares of GAMCO Global Gold Ntrl Rsrcs & Incm Trst by 6.8% during the 2nd quarter. Stifel Financial Corp now owns 29,478 shares of the investment management company’s stock worth $165,000 after acquiring an additional 1,880 shares in the last quarter. Flagship Harbor Advisors LLC boosted its stake in shares of GAMCO Global Gold Ntrl Rsrcs & Incm Trst by 19.0% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 30,861 shares of the investment management company’s stock worth $172,000 after acquiring an additional 4,920 shares in the last quarter. Allegis Investment Advisors LLC boosted its stake in shares of GAMCO Global Gold Ntrl Rsrcs & Incm Trst by 8.2% during the 2nd quarter. Allegis Investment Advisors LLC now owns 32,847 shares of the investment management company’s stock worth $181,000 after acquiring an additional 2,496 shares in the last quarter. Finally, Highlander Capital Management LLC boosted its stake in shares of GAMCO Global Gold Ntrl Rsrcs & Incm Trst by 50.5% during the 2nd quarter. Highlander Capital Management LLC now owns 32,800 shares of the investment management company’s stock worth $183,000 after acquiring an additional 11,000 shares in the last quarter.

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About GAMCO Global Gold Ntrl Rsrcs & Incm Trst

GAMCO Global Gold, Natural Resources & Income Trust (the Fund) is a non-diversified closed-end management investment company. The Fund’s primary investment objective is to provide a high level of current income. The Fund’s secondary investment objective is to seek capital appreciation consistent with the Fund’s strategy and its primary objective.

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