Short Interest in The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Grows By 378.0%

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 5,980 shares, a growth of 378.0% from the May 31st total of 1,251 shares. Based on an average trading volume of 6,268 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Investors Weigh In On The Gabelli Global Small and Mid Cap Value Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its stake in shares of The Gabelli Global Small and Mid Cap Value Trust by 71.1% in the 3rd quarter. Bank of America Corp DE now owns 150,953 shares of the company’s stock worth $2,181,000 after buying an additional 62,718 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its holdings in The Gabelli Global Small and Mid Cap Value Trust by 12.3% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 148,001 shares of the company’s stock worth $2,220,000 after acquiring an additional 16,220 shares during the period. 180 Wealth Advisors LLC boosted its position in The Gabelli Global Small and Mid Cap Value Trust by 2.9% in the first quarter. 180 Wealth Advisors LLC now owns 119,812 shares of the company’s stock worth $1,800,000 after purchasing an additional 3,332 shares during the last quarter. Osaic Holdings Inc. boosted its position in The Gabelli Global Small and Mid Cap Value Trust by 5.2% in the fourth quarter. Osaic Holdings Inc. now owns 102,589 shares of the company’s stock worth $1,539,000 after purchasing an additional 5,068 shares during the last quarter. Finally, Evolve Private Wealth LLC bought a new position in The Gabelli Global Small and Mid Cap Value Trust in the 4th quarter valued at $1,050,000.

The Gabelli Global Small and Mid Cap Value Trust Stock Performance

Shares of GGZ stock traded down $0.05 on Friday, hitting $16.07. The stock had a trading volume of 10,396 shares, compared to its average volume of 8,004. The business has a 50 day moving average of $15.87 and a 200 day moving average of $15.63. The Gabelli Global Small and Mid Cap Value Trust has a 12-month low of $13.22 and a 12-month high of $16.80.

The Gabelli Global Small and Mid Cap Value Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Monday, June 15th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend was Monday, June 15th.

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.