GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) Short Interest Up 309.9% in January

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 165,600 shares, an increase of 309.9% from the December 31st total of 40,400 shares. Based on an average trading volume of 531,400 shares, the short-interest ratio is currently 0.3 days.

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

A number of institutional investors have recently added to or reduced their stakes in the business. Cetera Investment Advisers lifted its position in shares of GAMCO Global Gold, Natural Resources & Income Trust by 9.8% in the 2nd quarter. Cetera Investment Advisers now owns 487,696 shares of the investment management company’s stock worth $1,975,000 after purchasing an additional 43,328 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of GAMCO Global Gold, Natural Resources & Income Trust by 21.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 434,077 shares of the investment management company’s stock valued at $1,636,000 after buying an additional 77,550 shares in the last quarter. Private Advisor Group LLC increased its position in shares of GAMCO Global Gold, Natural Resources & Income Trust by 72.1% during the third quarter. Private Advisor Group LLC now owns 313,853 shares of the investment management company’s stock worth $1,343,000 after acquiring an additional 131,497 shares in the last quarter. Stifel Financial Corp increased its position in shares of GAMCO Global Gold, Natural Resources & Income Trust by 3.4% during the third quarter. Stifel Financial Corp now owns 254,619 shares of the investment management company’s stock worth $1,090,000 after acquiring an additional 8,423 shares in the last quarter. Finally, International Assets Investment Management LLC raised its holdings in shares of GAMCO Global Gold, Natural Resources & Income Trust by 328.2% in the 3rd quarter. International Assets Investment Management LLC now owns 223,144 shares of the investment management company’s stock worth $955,000 after acquiring an additional 171,029 shares during the last quarter.

GAMCO Global Gold, Natural Resources & Income Trust Price Performance

Shares of GGN stock remained flat at $4.01 on Tuesday. The company had a trading volume of 317,689 shares, compared to its average volume of 476,023. GAMCO Global Gold, Natural Resources & Income Trust has a twelve month low of $3.66 and a twelve month high of $4.48.

GAMCO Global Gold, Natural Resources & Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 21st. Investors of record on Thursday, February 13th will be given a dividend of $0.03 per share. The ex-dividend date is Thursday, February 13th. This represents a $0.36 dividend on an annualized basis and a yield of 8.98%.

About GAMCO Global Gold, Natural Resources & Income Trust

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.