GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) Short Interest Down 11.8% in June

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totalling 85,700 shares, a drop of 11.8% from the May 31st total of 97,200 shares. Based on an average daily trading volume, of 451,200 shares, the short-interest ratio is currently 0.2 days.

GAMCO Global Gold, Natural Resources & Income Trust Stock Performance

GGN opened at $4.04 on Wednesday. GAMCO Global Gold, Natural Resources & Income Trust has a 12 month low of $3.51 and a 12 month high of $4.17.

GAMCO Global Gold, Natural Resources & Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 24th. Investors of record on Wednesday, July 17th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, July 17th. This represents a $0.36 dividend on an annualized basis and a yield of 8.91%.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cetera Investment Advisers acquired a new stake in shares of GAMCO Global Gold, Natural Resources & Income Trust during the 1st quarter worth $1,715,000. Hartline Investment Corp purchased a new position in shares of GAMCO Global Gold, Natural Resources & Income Trust in the 1st quarter worth about $441,000. PFG Investments LLC acquired a new position in shares of GAMCO Global Gold, Natural Resources & Income Trust in the 1st quarter valued at about $304,000. Prevail Innovative Wealth Advisors LLC grew its holdings in shares of GAMCO Global Gold, Natural Resources & Income Trust by 32.9% during the 1st quarter. Prevail Innovative Wealth Advisors LLC now owns 296,327 shares of the investment management company’s stock worth $1,144,000 after purchasing an additional 73,321 shares during the period. Finally, Commonwealth Equity Services LLC increased its position in GAMCO Global Gold, Natural Resources & Income Trust by 13.0% during the 1st quarter. Commonwealth Equity Services LLC now owns 590,761 shares of the investment management company’s stock worth $2,280,000 after purchasing an additional 68,075 shares in the last quarter.

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.