GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) Short Interest Up 35.1% in March

GAMCO Natural Resources, Gold & Income Trust (NYSE:GNT) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 52,300 shares, an increase of 35.1% from the February 28th total of 38,700 shares. Based on an average daily volume of 41,800 shares, the days-to-cover ratio is presently 1.3 days.

Insider Activity

In other GAMCO Natural Resources, Gold & Income Trust news, major shareholder Saba Capital Management, L.P. sold 14,415 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $5.80, for a total value of $83,607.00. Following the transaction, the insider now owns 1,812,289 shares in the company, valued at approximately $10,511,276.20. This trade represents a 0.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold a total of 20,635 shares of company stock worth $120,243 over the last 90 days.

Institutional Trading of GAMCO Natural Resources, Gold & Income Trust

Institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new stake in GAMCO Natural Resources, Gold & Income Trust during the fourth quarter worth about $1,806,000. PFG Investments LLC increased its stake in GAMCO Natural Resources, Gold & Income Trust by 120.5% during the 4th quarter. PFG Investments LLC now owns 99,784 shares of the investment management company’s stock worth $528,000 after buying an additional 54,526 shares during the period. Wolverine Asset Management LLC acquired a new stake in GAMCO Natural Resources, Gold & Income Trust during the 4th quarter worth approximately $236,000. Absolute Investment Advisers LLC acquired a new stake in GAMCO Natural Resources, Gold & Income Trust during the 4th quarter worth approximately $228,000. Finally, Kingswood Wealth Advisors LLC purchased a new position in GAMCO Natural Resources, Gold & Income Trust in the 4th quarter valued at approximately $190,000.

GAMCO Natural Resources, Gold & Income Trust Price Performance

Shares of NYSE GNT traded down $0.02 during mid-day trading on Tuesday, reaching $6.07. The company’s stock had a trading volume of 35,043 shares, compared to its average volume of 41,014. The stock has a 50-day moving average of $5.86 and a two-hundred day moving average of $5.80. GAMCO Natural Resources, Gold & Income Trust has a 1-year low of $5.09 and a 1-year high of $6.16.

GAMCO Natural Resources, Gold & Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.91%.

GAMCO Natural Resources, Gold & Income Trust Company Profile

GAMCO Natural Resources, Gold & 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 public equity markets across the globe. The fund invests in securities of companies principally engaged in natural resource and gold industries and by writing covered call options on the underlying equity securities.