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 recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 1,251 shares, an increase of 172.5% from the May 14th total of 459 shares. Based on an average trading volume of 5,776 shares, the short-interest ratio is currently 0.2 days.

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

Large investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new position in The Gabelli Global Small and Mid Cap Value Trust in the 4th quarter valued at approximately $32,000. Fifth Third Bancorp bought a new stake in shares of The Gabelli Global Small and Mid Cap Value Trust in the 1st quarter valued at approximately $165,000. Private Advisor Group LLC grew its stake in shares of 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 valued at $198,000 after purchasing an additional 1,047 shares during the period. Raymond James Financial Inc. grew its stake in shares of The Gabelli Global Small and Mid Cap Value Trust by 14.6% in the 2nd quarter. Raymond James Financial Inc. now owns 38,887 shares of the company’s stock valued at $518,000 after purchasing an additional 4,940 shares during the period. Finally, LPL Financial LLC grew its stake in shares of The Gabelli Global Small and Mid Cap Value Trust by 147.3% in the 4th quarter. LPL Financial LLC now owns 44,802 shares of the company’s stock valued at $672,000 after purchasing an additional 26,683 shares during the period.

The Gabelli Global Small and Mid Cap Value Trust Trading Up 1.2%

The Gabelli Global Small and Mid Cap Value Trust stock traded up $0.20 during trading hours on Friday, hitting $16.06. The stock had a trading volume of 24,985 shares, compared to its average volume of 8,080. The company has a 50-day moving average of $15.81 and a two-hundred day moving average of $15.50. The Gabelli Global Small and Mid Cap Value Trust has a fifty-two week low of $12.45 and a fifty-two week high of $16.80.

The Gabelli Global Small and Mid Cap Value Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Monday, June 15th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.84 annualized dividend and a yield of 5.2%.

The Gabelli Global Small and Mid Cap Value Trust Company Profile

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.