GAMCO Global Gold Ntrl Rsrcs & Incm Trst (GGN) Short Interest Down 42.9% in January

GAMCO Global Gold Ntrl Rsrcs & Incm Trst (NYSEAMERICAN:GGN) was the recipient of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 70,541 shares, a drop of 42.9% from the January 15th total of 123,606 shares. Based on an average daily trading volume, of 748,312 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

NYSEAMERICAN GGN opened at $4.24 on Thursday. GAMCO Global Gold Ntrl Rsrcs & Incm Trst has a 12 month low of $3.51 and a 12 month high of $5.24.

The business also recently announced a monthly dividend, which was paid on Thursday, January 24th. Investors of record on Wednesday, January 16th were given a $0.05 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 14.15%. The ex-dividend date of this dividend was Tuesday, January 15th.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James & Associates grew its position in shares of GAMCO Global Gold Ntrl Rsrcs & Incm Trst by 8.3% in the 2nd quarter. Raymond James & Associates now owns 131,820 shares of the investment management company’s stock valued at $678,000 after buying an additional 10,151 shares during the last quarter. Bramshill Investments LLC grew its position in GAMCO Global Gold Ntrl Rsrcs & Incm Trst by 103.1% during the 3rd quarter. Bramshill Investments LLC now owns 354,215 shares of the investment management company’s stock worth $1,663,000 after purchasing an additional 179,849 shares during the last quarter. Merriman Wealth Management LLC purchased a new position in GAMCO Global Gold Ntrl Rsrcs & Incm Trst during the 4th quarter worth $47,000. Oppenheimer & Co. Inc. grew its position in GAMCO Global Gold Ntrl Rsrcs & Incm Trst by 11.1% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 146,552 shares of the investment management company’s stock worth $688,000 after purchasing an additional 14,654 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in GAMCO Global Gold Ntrl Rsrcs & Incm Trst by 24.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 214,241 shares of the investment management company’s stock worth $1,006,000 after purchasing an additional 42,665 shares during the last quarter.

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GAMCO Global Gold Ntrl Rsrcs & Incm Trst Company Profile

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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