The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Short Interest Up 366.7% in March

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) was the target of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 5,600 shares, a growth of 366.7% from the February 29th total of 1,200 shares. Based on an average trading volume of 13,100 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Stephens Inc. AR lifted its stake in shares of The Gabelli Global Small and Mid Cap Value Trust by 6.7% in the 4th quarter. Stephens Inc. AR now owns 79,270 shares of the company’s stock valued at $930,000 after purchasing an additional 4,966 shares during the period. Cornerstone Advisors LLC increased its position in The Gabelli Global Small and Mid Cap Value Trust by 84.7% in the 4th quarter. Cornerstone Advisors LLC now owns 38,471 shares of the company’s stock valued at $451,000 after buying an additional 17,642 shares in the last quarter. Private Management Group Inc. increased its position in The Gabelli Global Small and Mid Cap Value Trust by 0.5% in the 4th quarter. Private Management Group Inc. now owns 296,558 shares of the company’s stock valued at $3,479,000 after buying an additional 1,567 shares in the last quarter. International Assets Investment Management LLC bought a new stake in The Gabelli Global Small and Mid Cap Value Trust in the 4th quarter valued at about $294,000. Finally, 180 Wealth Advisors LLC increased its position in The Gabelli Global Small and Mid Cap Value Trust by 12.5% in the 4th quarter. 180 Wealth Advisors LLC now owns 58,683 shares of the company’s stock valued at $681,000 after buying an additional 6,509 shares in the last quarter.

The Gabelli Global Small and Mid Cap Value Trust Stock Performance

Shares of GGZ stock opened at $11.93 on Thursday. The Gabelli Global Small and Mid Cap Value Trust has a twelve month low of $9.43 and a twelve month high of $12.50. The stock’s fifty day simple moving average is $11.64 and its 200 day simple moving average is $11.05.

The Gabelli Global Small and Mid Cap Value Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 14th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 5.36%. The ex-dividend date of this dividend was Wednesday, March 13th.

The Gabelli Global Small and Mid Cap Value Trust Company Profile

The Gabelli Global Small and Mid Cap Value Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies that are operating across diversified sectors.