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

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 2,285 shares, a growth of 51.6% from the August 31st total of 1,507 shares. Based on an average daily volume of 5,045 shares, the short-interest ratio is currently 0.5 days.

The Gabelli Global Small and Mid Cap Value Trust Stock Performance

The Gabelli Global Small and Mid Cap Value Trust stock opened at $15.44 on Thursday. The Gabelli Global Small and Mid Cap Value Trust has a fifty-two week low of $13.35 and a fifty-two week high of $17.08. The firm’s 50-day simple moving average is $16.21 and its 200 day simple moving average is $15.94.

The Gabelli Global Small and Mid Cap Value Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 16th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $0.84 annualized dividend and a dividend yield of 5.4%.

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

Institutional investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp purchased a new stake in The Gabelli Global Small and Mid Cap Value Trust during the first quarter worth about $165,000. Private Advisor Group LLC boosted its stake in The Gabelli Global Small and Mid Cap Value Trust by 8.6% in the first quarter. Private Advisor Group LLC now owns 13,154 shares of the company’s stock valued at $198,000 after acquiring an additional 1,047 shares during the last quarter. Silverlake Wealth Management LLC bought a new position in shares of The Gabelli Global Small and Mid Cap Value Trust during the 2nd quarter valued at approximately $244,000. Beckerman Institutional LLC purchased a new stake in shares of The Gabelli Global Small and Mid Cap Value Trust during the 2nd quarter worth approximately $933,000. Finally, Evolve Private Wealth LLC bought a new stake in shares of The Gabelli Global Small and Mid Cap Value Trust in the 2nd quarter worth approximately $1,075,000.

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 investment company that seeks long-term capital appreciation by investing primarily in equity securities of small- and mid-capitalization companies around the world. The fund follows a value-oriented investment approach, emphasizing companies that its investment adviser believes are undervalued relative to their business prospects, assets or earnings potential.

GGZ provides investors with diversified exposure to global equities across a range of industries and geographic markets.