GAMCO Global Gold Ntrl Rsrcs & Incm Trst (GGN) Short Interest Down 64.2% in October

GAMCO Global Gold Ntrl Rsrcs & Incm Trst (NYSEAMERICAN:GGN) was the target of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 332,692 shares, a drop of 64.2% from the October 15th total of 929,360 shares. Based on an average daily trading volume, of 824,818 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are short sold.

Shares of GAMCO Global Gold Ntrl Rsrcs & Incm Trst stock opened at $4.14 on Friday. GAMCO Global Gold Ntrl Rsrcs & Incm Trst has a 52-week low of $3.98 and a 52-week high of $5.50.

The company also recently announced a monthly dividend, which will be paid on Friday, November 23rd. Investors of record on Thursday, November 15th will be given a $0.05 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 14.49%. The ex-dividend date of this dividend is Wednesday, November 14th.

A number of hedge funds have recently bought and sold shares of the business. MML Investors Services LLC grew its stake in GAMCO Global Gold Ntrl Rsrcs & Incm Trst by 216.3% in the third quarter. MML Investors Services LLC now owns 46,558 shares of the investment management company’s stock valued at $219,000 after purchasing an additional 31,840 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in GAMCO Global Gold Ntrl Rsrcs & Incm Trst by 24.9% in the third quarter. Janney Montgomery Scott LLC now owns 214,241 shares of the investment management company’s stock valued at $1,006,000 after purchasing an additional 42,665 shares in the last quarter. Wells Fargo & Company MN grew its stake in GAMCO Global Gold Ntrl Rsrcs & Incm Trst by 115.0% in the third quarter. Wells Fargo & Company MN now owns 104,952 shares of the investment management company’s stock valued at $493,000 after purchasing an additional 56,138 shares in the last quarter. Private Advisor Group LLC grew its stake in GAMCO Global Gold Ntrl Rsrcs & Incm Trst by 26.7% in the third quarter. Private Advisor Group LLC now owns 105,353 shares of the investment management company’s stock valued at $495,000 after purchasing an additional 22,229 shares in the last quarter. Finally, Oppenheimer & Co. Inc. grew its stake in GAMCO Global Gold Ntrl Rsrcs & Incm Trst by 11.1% in the third quarter. Oppenheimer & Co. Inc. now owns 146,552 shares of the investment management company’s stock valued at $688,000 after purchasing an additional 14,654 shares in the last quarter.

TRADEMARK VIOLATION WARNING: “GAMCO Global Gold Ntrl Rsrcs & Incm Trst (GGN) Short Interest Down 64.2% in October” was published by WKRB News and is the property of of WKRB News. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this piece of content can be read at https://www.wkrb13.com/2018/11/11/gamco-global-gold-ntrl-rsrcs-incm-trst-ggn-short-interest-down-64-2-in-october.html.

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.

Recommended Story: Trading Strategy Methods and Types

Receive News & Ratings for GAMCO Global Gold Ntrl Rsrcs & Incm Trst Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GAMCO Global Gold Ntrl Rsrcs & Incm Trst and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply