The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Short Interest Up 113.0% in November

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) saw a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 4,900 shares, a growth of 113.0% from the October 31st total of 2,300 shares. Based on an average trading volume of 11,800 shares, the short-interest ratio is currently 0.4 days.

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

A number of hedge funds have recently added to or reduced their stakes in the business. Private Advisor Group LLC acquired a new position in shares of The Gabelli Global Small and Mid Cap Value Trust during the 3rd quarter valued at about $260,000. International Assets Investment Management LLC grew its holdings in The Gabelli Global Small and Mid Cap Value Trust by 1,141.0% in the third quarter. International Assets Investment Management LLC now owns 26,495 shares of the company’s stock valued at $329,000 after purchasing an additional 24,360 shares during the period. Wolverine Asset Management LLC increased its position in The Gabelli Global Small and Mid Cap Value Trust by 299.7% during the third quarter. Wolverine Asset Management LLC now owns 26,884 shares of the company’s stock worth $334,000 after purchasing an additional 20,158 shares during the last quarter. Cornerstone Advisors LLC raised its stake in The Gabelli Global Small and Mid Cap Value Trust by 32.3% during the second quarter. Cornerstone Advisors LLC now owns 45,893 shares of the company’s stock worth $518,000 after purchasing an additional 11,207 shares during the period. Finally, Sanctuary Advisors LLC purchased a new position in The Gabelli Global Small and Mid Cap Value Trust during the second quarter worth approximately $843,000.

The Gabelli Global Small and Mid Cap Value Trust Trading Up 0.3 %

Shares of The Gabelli Global Small and Mid Cap Value Trust stock traded up $0.04 during trading hours on Thursday, reaching $12.99. 4,980 shares of the company’s stock were exchanged, compared to its average volume of 12,448. The Gabelli Global Small and Mid Cap Value Trust has a 52-week low of $10.69 and a 52-week high of $13.12. The company has a fifty day moving average of $12.41 and a 200-day moving average of $11.95.

The Gabelli Global Small and Mid Cap Value Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 13th will be given a dividend of $0.16 per share. The ex-dividend date is Friday, December 13th. This represents a $0.64 annualized dividend and a yield of 4.93%.

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.