The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Short Interest Down 63.2% in July

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 1,024 shares, a decline of 63.2% from the July 15th total of 2,781 shares. Based on an average daily trading volume, of 7,164 shares, the days-to-cover ratio is currently 0.1 days.

The Gabelli Global Small and Mid Cap Value Trust Stock Performance

NYSE:GGZ traded up $0.14 during midday trading on Friday, reaching $16.89. The stock had a trading volume of 1,420 shares, compared to its average volume of 7,810. The Gabelli Global Small and Mid Cap Value Trust has a 1-year low of $13.35 and a 1-year high of $17.08. The firm’s fifty day simple moving average is $16.16 and its 200-day simple moving average is $15.94.

The Gabelli Global Small and Mid Cap Value Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Wednesday, September 16th.

Hedge Funds Weigh In On The Gabelli Global Small and Mid Cap Value Trust

A number of institutional investors have recently made changes to their positions in the business. Beckerman Institutional LLC boosted its stake in The Gabelli Global Small and Mid Cap Value Trust by 1.6% during the 4th quarter. Beckerman Institutional LLC now owns 58,885 shares of the company’s stock valued at $883,000 after purchasing an additional 942 shares during the period. Private Advisor Group LLC increased its position in The Gabelli Global Small and Mid Cap Value Trust by 8.6% in the 1st quarter. Private Advisor Group LLC now owns 13,154 shares of the company’s stock worth $198,000 after buying an additional 1,047 shares during the period. Bank of America Corp DE increased its position in The Gabelli Global Small and Mid Cap Value Trust by 1.5% in the 2nd quarter. Bank of America Corp DE now owns 88,235 shares of the company’s stock worth $1,175,000 after buying an additional 1,335 shares during the period. International Assets Investment Management LLC acquired a new position in shares of The Gabelli Global Small and Mid Cap Value Trust during the fourth quarter worth approximately $32,000. Finally, 180 Wealth Advisors LLC lifted its holdings in shares of The Gabelli Global Small and Mid Cap Value Trust by 2.9% during the first quarter. 180 Wealth Advisors LLC now owns 119,812 shares of the company’s stock worth $1,800,000 after buying an additional 3,332 shares during the last quarter.

About The Gabelli Global Small and Mid Cap Value Trust

The Gabelli Global Small and Mid Cap Value Trust (NYSE: GGZ) is a closed-end management investment company that seeks long-term capital appreciation by investing primarily in the equity securities of small- and mid-capitalization companies around the world. By focusing on businesses that are typically underfollowed or underrepresented by the broader market, the Trust aims to capture value opportunities in developed and emerging markets alike. Its portfolio is diversified across sectors, with an emphasis on companies whose shares appear undervalued relative to their intrinsic business prospects.

Adopting a value-oriented, bottom-up investment approach, the Trust’s management team conducts in-depth fundamental research to identify global small and mid cap companies with strong balance sheets, proven business models and potential for above-average earnings growth.