Short Interest in The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Grows By 74.2%

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 1,507 shares, an increase of 74.2% from the August 15th total of 865 shares. Based on an average trading volume of 7,961 shares, the short-interest ratio is currently 0.2 days.

The Gabelli Global Small and Mid Cap Value Trust Stock Performance

GGZ stock traded up $0.04 during mid-day trading on Thursday, hitting $15.56. The company had a trading volume of 2,166 shares, compared to its average volume of 7,615. The stock’s fifty day moving average price is $16.30 and its two-hundred day moving average price is $15.96. The Gabelli Global Small and Mid Cap Value Trust has a 12 month low of $13.35 and a 12 month high of $17.08.

The Gabelli Global Small and Mid Cap Value Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date is Wednesday, September 16th.

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

A number of institutional investors and hedge funds have recently modified their holdings of the company. Capstone Investment Advisors LLC bought a new stake in The Gabelli Global Small and Mid Cap Value Trust during the second quarter valued at $1,126,000. Bank of America Corp DE bought a new position in The Gabelli Global Small and Mid Cap Value Trust in the 2nd quarter worth about $1,407,000. Evolve Private Wealth LLC purchased a new stake in shares of The Gabelli Global Small and Mid Cap Value Trust in the 2nd quarter valued at about $1,075,000. Beckerman Institutional LLC bought a new stake in shares of The Gabelli Global Small and Mid Cap Value Trust during the 2nd quarter valued at about $933,000. Finally, Silverlake Wealth Management LLC bought a new stake in shares of The Gabelli Global Small and Mid Cap Value Trust during the 2nd quarter valued at about $244,000.

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 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.