GAMCO Global Gold Ntrl Rsrcs & Incm Trst (GGN) Sees Large Drop in Short Interest

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

Institutional investors have recently made changes to their positions in the company. Merriman Wealth Management LLC acquired a new stake in shares of GAMCO Global Gold Ntrl Rsrcs & Incm Trst in the fourth quarter valued at $47,000. Stratos Wealth Partners LTD. lifted its holdings in shares of GAMCO Global Gold Ntrl Rsrcs & Incm Trst by 19.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 15,042 shares of the investment management company’s stock valued at $56,000 after purchasing an additional 2,500 shares during the last quarter. Concorde Asset Management LLC purchased a new stake in shares of GAMCO Global Gold Ntrl Rsrcs & Incm Trst during the fourth quarter valued at $63,000. Sheaff Brock Investment Advisors LLC lifted its holdings in shares of GAMCO Global Gold Ntrl Rsrcs & Incm Trst by 14.6% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 26,680 shares of the investment management company’s stock valued at $99,000 after purchasing an additional 3,400 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of GAMCO Global Gold Ntrl Rsrcs & Incm Trst during the fourth quarter valued at $197,000.

Shares of GAMCO Global Gold Ntrl Rsrcs & Incm Trst stock opened at $4.22 on Tuesday. GAMCO Global Gold Ntrl Rsrcs & Incm Trst has a fifty-two week low of $3.51 and a fifty-two week high of $5.24.

The company also recently disclosed a monthly dividend, which was paid on Thursday, January 24th. Stockholders of record on Wednesday, January 16th were issued a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, January 15th. This represents a $0.60 annualized dividend and a dividend yield of 14.22%.

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About GAMCO Global Gold Ntrl Rsrcs & Incm Trst

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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