GAMCO Global Gold Ntrl Rsrcs & Incm Trst (NYSE:GGN) was the target of a large growth in short interest in October. As of October 13th, there was short interest totalling 435,366 shares, a growth of 25.5% from the September 29th total of 346,960 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 341,649 shares, the days-to-cover ratio is presently 1.3 days.

GAMCO Global Gold Ntrl Rsrcs & Incm Trst (NYSE GGN) traded up 0.91% during trading on Tuesday, reaching $5.57. 702,752 shares of the company’s stock traded hands. GAMCO Global Gold Ntrl Rsrcs & Incm Trst has a 12 month low of $5.07 and a 12 month high of $6.26. The company has a 50-day moving average of $5.64 and a 200 day moving average of $5.63.

The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 24th. Shareholders of record on Tuesday, October 17th will be issued a $0.05 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 10.77%. The ex-dividend date is Monday, October 16th.

Hedge funds and other institutional investors have recently modified their holdings of the business. Citadel Advisors LLC acquired a new stake in GAMCO Global Gold Ntrl Rsrcs & Incm Trst in the 2nd quarter valued at about $119,000. Stifel Financial Corp lifted its holdings in GAMCO Global Gold Ntrl Rsrcs & Incm Trst by 6.8% in the 2nd quarter. Stifel Financial Corp now owns 29,478 shares of the investment management company’s stock valued at $165,000 after acquiring an additional 1,880 shares during the last quarter. Flagship Harbor Advisors LLC lifted its holdings in GAMCO Global Gold Ntrl Rsrcs & Incm Trst by 19.0% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 30,861 shares of the investment management company’s stock valued at $172,000 after acquiring an additional 4,920 shares during the last quarter. Allegis Investment Advisors LLC lifted its holdings in GAMCO Global Gold Ntrl Rsrcs & Incm Trst by 8.2% in the 2nd quarter. Allegis Investment Advisors LLC now owns 32,847 shares of the investment management company’s stock valued at $181,000 after acquiring an additional 2,496 shares during the last quarter. Finally, Highlander Capital Management LLC lifted its holdings in GAMCO Global Gold Ntrl Rsrcs & Incm Trst by 50.5% in the 2nd quarter. Highlander Capital Management LLC now owns 32,800 shares of the investment management company’s stock valued at $183,000 after acquiring an additional 11,000 shares during the last quarter.

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About GAMCO Global Gold Ntrl Rsrcs & Incm Trst

GAMCO Global Gold, Natural Resources & Income Trust (the Fund) is a non-diversified closed-end management investment company. The Fund’s primary investment objective is to provide a high level of current income. The Fund’s secondary investment objective is to seek capital appreciation consistent with the Fund’s strategy and its primary objective.

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