Short Interest in GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) Increases By 225.7%

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGNGet Free Report) saw a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 578,700 shares, a growth of 225.7% from the January 15th total of 177,700 shares. Based on an average daily trading volume, of 427,000 shares, the short-interest ratio is presently 1.4 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of GGN. Morgan Stanley boosted its stake in shares of GAMCO Global Gold, Natural Resources & Income Trust by 43.6% during the 4th quarter. Morgan Stanley now owns 2,635,415 shares of the investment management company’s stock valued at $9,567,000 after buying an additional 799,989 shares during the last quarter. Bank of America Corp DE boosted its stake in GAMCO Global Gold, Natural Resources & Income Trust by 67.7% during the 4th quarter. Bank of America Corp DE now owns 632,330 shares of the investment management company’s stock valued at $2,295,000 after acquiring an additional 255,166 shares during the last quarter. Wells Fargo & Company MN boosted its stake in GAMCO Global Gold, Natural Resources & Income Trust by 194.9% during the 2nd quarter. Wells Fargo & Company MN now owns 258,762 shares of the investment management company’s stock valued at $968,000 after acquiring an additional 171,021 shares during the last quarter. Nwam LLC grew its holdings in GAMCO Global Gold, Natural Resources & Income Trust by 361.5% during the 2nd quarter. Nwam LLC now owns 173,534 shares of the investment management company’s stock worth $649,000 after acquiring an additional 135,934 shares in the last quarter. Finally, Bank of Montreal Can increased its position in shares of GAMCO Global Gold, Natural Resources & Income Trust by 168.4% in the 1st quarter. Bank of Montreal Can now owns 203,911 shares of the investment management company’s stock worth $870,000 after purchasing an additional 127,936 shares during the last quarter.

GAMCO Global Gold, Natural Resources & Income Trust Trading Up 0.3 %

GAMCO Global Gold, Natural Resources & Income Trust stock opened at $3.76 on Tuesday. GAMCO Global Gold, Natural Resources & Income Trust has a 12-month low of $3.43 and a 12-month high of $3.91.

GAMCO Global Gold, Natural Resources & Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Wednesday, February 14th will be given a dividend of $0.03 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 9.57%. The ex-dividend date is Tuesday, February 13th.

About GAMCO Global Gold, Natural Resources & Income Trust

(Get Free Report)

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.

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