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

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) was the recipient of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 459 shares, a decline of 86.1% from the April 30th total of 3,297 shares. Based on an average daily trading volume, of 11,348 shares, the days-to-cover ratio is presently 0.0 days.

The Gabelli Global Small and Mid Cap Value Trust Price Performance

GGZ traded up $0.07 during trading on Friday, hitting $15.80. The company’s stock had a trading volume of 2,267 shares, compared to its average volume of 8,244. The Gabelli Global Small and Mid Cap Value Trust has a twelve month low of $12.45 and a twelve month high of $16.80. The stock’s fifty day moving average price is $15.65 and its 200-day moving average price is $15.36.

The Gabelli Global Small and Mid Cap Value Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Monday, June 15th will be paid 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 5.3%.

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

Several institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC acquired a new position in shares of The Gabelli Global Small and Mid Cap Value Trust during the fourth quarter worth approximately $32,000. Fifth Third Bancorp acquired a new position in shares of The Gabelli Global Small and Mid Cap Value Trust during the first quarter worth approximately $165,000. Private Advisor Group LLC raised its position in shares of The Gabelli Global Small and Mid Cap Value Trust by 8.6% during the first quarter. Private Advisor Group LLC now owns 13,154 shares of the company’s stock worth $198,000 after purchasing an additional 1,047 shares during the period. Raymond James Financial Inc. raised its position in shares of The Gabelli Global Small and Mid Cap Value Trust by 14.6% during the second quarter. Raymond James Financial Inc. now owns 38,887 shares of the company’s stock worth $518,000 after purchasing an additional 4,940 shares during the period. Finally, LPL Financial LLC raised its position in shares of The Gabelli Global Small and Mid Cap Value Trust by 147.3% during the fourth quarter. LPL Financial LLC now owns 44,802 shares of the company’s stock worth $672,000 after purchasing an additional 26,683 shares during the period.

About The Gabelli Global Small and Mid Cap Value Trust

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.