The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Sees Large Increase in Short Interest

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 5,238 shares, an increase of 65.9% from the September 30th total of 3,157 shares. Based on an average trading volume of 3,940 shares, the short-interest ratio is currently 1.3 days.

Institutional Trading of The Gabelli Global Small and Mid Cap Value Trust

Hedge funds have recently made changes to their positions in the company. Private Advisor Group LLC lifted its position in shares of The Gabelli Global Small and Mid Cap Value Trust by 8.6% during the 1st quarter. Private Advisor Group LLC now owns 13,154 shares of the company’s stock valued at $198,000 after buying an additional 1,047 shares during the last quarter. 180 Wealth Advisors LLC increased its holdings in The Gabelli Global Small and Mid Cap Value Trust by 2.9% in the 1st quarter. 180 Wealth Advisors LLC now owns 119,812 shares of the company’s stock worth $1,800,000 after acquiring an additional 3,332 shares during the last quarter. Blue Bell Private Wealth Management LLC increased its holdings in The Gabelli Global Small and Mid Cap Value Trust by 4.2% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 177,206 shares of the company’s stock worth $2,734,000 after acquiring an additional 7,085 shares during the last quarter. Fifth Third Bancorp purchased a new stake in The Gabelli Global Small and Mid Cap Value Trust in the 1st quarter worth about $165,000. Finally, Silverlake Wealth Management LLC bought a new stake in The Gabelli Global Small and Mid Cap Value Trust in the 2nd quarter valued at about $244,000.

The Gabelli Global Small and Mid Cap Value Trust Price Performance

The Gabelli Global Small and Mid Cap Value Trust stock opened at $14.89 on Monday. The Gabelli Global Small and Mid Cap Value Trust has a twelve month low of $13.35 and a twelve month high of $17.08. The firm has a 50 day moving average price of $15.61 and a 200-day moving average price of $15.86.

The Gabelli Global Small and Mid Cap Value Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend was Wednesday, September 16th.

The Gabelli Global Small and Mid Cap Value Trust Company Profile

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) is a diversified, closed-end investment company that seeks long-term growth of capital. The fund invests primarily in equity securities of small- and mid-capitalization companies that its investment adviser believes are undervalued relative to their underlying businesses and growth prospects.

GGZ provides shareholders with exposure to companies across global markets, including the United States and international developed and emerging economies.