GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) Sees Significant Decline in Short Interest

GAMCO Global Gold, Natural Resources & Income Trust (NYSEAMERICAN:GGN) was the recipient of a large decline in short interest in March. As of March 15th, there was short interest totalling 61,200 shares, a decline of 60.2% from the February 28th total of 153,900 shares. Based on an average daily volume of 545,900 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of GAMCO Global Gold, Natural Resources & Income Trust

A number of hedge funds have recently modified their holdings of the business. Stephens Inc. AR bought a new stake in GAMCO Global Gold, Natural Resources & Income Trust in the fourth quarter worth $38,000. Root Financial Partners LLC purchased a new position in GAMCO Global Gold, Natural Resources & Income Trust in the fourth quarter worth about $39,000. Elequin Capital LP bought a new position in shares of GAMCO Global Gold, Natural Resources & Income Trust in the fourth quarter worth approximately $42,000. GWN Securities Inc. purchased a new stake in shares of GAMCO Global Gold, Natural Resources & Income Trust during the fourth quarter valued at approximately $44,000. Finally, Captrust Financial Advisors bought a new stake in shares of GAMCO Global Gold, Natural Resources & Income Trust during the third quarter valued at approximately $52,000.

GAMCO Global Gold, Natural Resources & Income Trust Stock Down 0.2 %

GAMCO Global Gold, Natural Resources & Income Trust stock traded down $0.01 during trading hours on Friday, hitting $4.34. 324,579 shares of the stock traded hands, compared to its average volume of 459,664. GAMCO Global Gold, Natural Resources & Income Trust has a one year low of $3.75 and a one year high of $4.48.

GAMCO Global Gold, Natural Resources & Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Tuesday, April 15th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.36 annualized dividend and a dividend yield of 8.29%.

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.