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 large drop in short interest in the month of December. As of December 31st, there was short interest totalling 700 shares, a drop of 81.6% from the December 15th total of 3,800 shares. Based on an average trading volume of 17,900 shares, the short-interest ratio is currently 0.0 days.

The Gabelli Global Small and Mid Cap Value Trust Stock Performance

Shares of GGZ traded down $0.01 during mid-day trading on Monday, reaching $11.66. The company had a trading volume of 17,903 shares, compared to its average volume of 31,272. The firm has a 50-day moving average price of $12.47 and a 200 day moving average price of $12.13. The Gabelli Global Small and Mid Cap Value Trust has a 52 week low of $11.02 and a 52 week 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. Stockholders of record on Friday, December 13th were paid a $0.16 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.49%.

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

Several institutional investors and hedge funds have recently modified their holdings of the stock. Sanctuary Advisors LLC grew its position in The Gabelli Global Small and Mid Cap Value Trust by 1.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 75,224 shares of the company’s stock valued at $968,000 after purchasing an additional 1,213 shares during the last quarter. Wolverine Asset Management LLC boosted its stake in 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 valued at $334,000 after purchasing an additional 20,158 shares during the last quarter. International Assets Investment Management LLC increased 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 worth $329,000 after buying an additional 24,360 shares in the last quarter. Private Advisor Group LLC purchased a new position in The Gabelli Global Small and Mid Cap Value Trust in the 3rd quarter worth about $260,000. Finally, Cornerstone Advisors LLC lifted its stake in The Gabelli Global Small and Mid Cap Value Trust by 32.3% during the 2nd quarter. Cornerstone Advisors LLC now owns 45,893 shares of the company’s stock valued at $518,000 after acquiring an additional 11,207 shares during the period.

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.