Short Interest in The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Declines By 40.4%

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) saw a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 2,781 shares, a decline of 40.4% from the June 30th total of 4,663 shares. Based on an average trading volume of 6,542 shares, the days-to-cover ratio is presently 0.4 days.

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

A number of institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. boosted its position in 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 acquiring an additional 4,940 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of The Gabelli Global Small and Mid Cap Value Trust by 1.5% during the 2nd quarter. Bank of America Corp DE now owns 88,235 shares of the company’s stock worth $1,175,000 after purchasing an additional 1,335 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of The Gabelli Global Small and Mid Cap Value Trust during the fourth quarter worth $32,000. Blue Bell Private Wealth Management LLC boosted its holdings in shares of 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 purchasing an additional 16,220 shares during the last quarter. Finally, Beckerman Institutional LLC grew its position in shares of The Gabelli Global Small and Mid Cap Value Trust by 1.6% in the fourth quarter. Beckerman Institutional LLC now owns 58,885 shares of the company’s stock valued at $883,000 after purchasing an additional 942 shares during the period.

The Gabelli Global Small and Mid Cap Value Trust Stock Up 0.8%

Shares of GGZ traded up $0.12 during trading hours on Thursday, reaching $16.14. 1,226 shares of the company traded hands, compared to its average volume of 7,887. The stock has a fifty day simple moving average of $15.98 and a 200 day simple moving average of $15.86. The Gabelli Global Small and Mid Cap Value Trust has a fifty-two week low of $13.30 and a fifty-two week high of $16.80.

The Gabelli Global Small and Mid Cap Value Trust Dividend Announcement

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

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.