The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Short Interest Update

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) saw a significant growth in short interest in December. As of December 15th, there was short interest totalling 3,800 shares, a growth of 5.6% from the November 30th total of 3,600 shares. Based on an average daily volume of 13,600 shares, the short-interest ratio is presently 0.3 days.

The Gabelli Global Small and Mid Cap Value Trust Stock Performance

GGZ stock opened at $11.70 on Friday. The company’s 50 day simple moving average is $12.54 and its 200-day simple moving average is $12.10. The Gabelli Global Small and Mid Cap Value Trust has a 12 month low of $11.02 and a 12 month high of $13.35.

The Gabelli Global Small and Mid Cap Value Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 13th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 5.47%. The ex-dividend date of this dividend was Friday, December 13th.

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 stock. Private Advisor Group LLC purchased a new stake in The Gabelli Global Small and Mid Cap Value Trust during the 3rd quarter worth about $260,000. International Assets Investment Management LLC lifted its holdings in The Gabelli Global Small and Mid Cap Value Trust by 1,141.0% in the 3rd 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 in the last quarter. Wolverine Asset Management LLC boosted its stake in shares of The Gabelli Global Small and Mid Cap Value Trust by 299.7% during the 3rd 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 grew its holdings in shares of 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 buying an additional 11,207 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of The Gabelli Global Small and Mid Cap Value Trust in the second quarter valued at approximately $843,000.

About The Gabelli Global Small and Mid Cap Value Trust

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.