The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Short Interest Up 172.5% in May

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 1,251 shares, an increase of 172.5% from the May 14th total of 459 shares. Based on an average daily volume of 5,776 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of The Gabelli Global Small and Mid Cap Value Trust

Hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC purchased a new stake in shares of The Gabelli Global Small and Mid Cap Value Trust during the 4th quarter worth approximately $32,000. Fifth Third Bancorp purchased a new stake in shares of The Gabelli Global Small and Mid Cap Value Trust during the 1st quarter worth approximately $165,000. Private Advisor Group LLC raised its holdings in shares of The Gabelli Global Small and Mid Cap Value Trust by 8.6% during the 1st quarter. Private Advisor Group LLC now owns 13,154 shares of the company’s stock worth $198,000 after acquiring an additional 1,047 shares in the last quarter. Raymond James Financial Inc. raised its holdings in shares of The Gabelli Global Small and Mid Cap Value Trust by 14.6% during the 2nd 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 in the last quarter. Finally, LPL Financial LLC raised its holdings in shares of The Gabelli Global Small and Mid Cap Value Trust by 147.3% during the 4th quarter. LPL Financial LLC now owns 44,802 shares of the company’s stock worth $672,000 after acquiring an additional 26,683 shares in the last quarter.

The Gabelli Global Small and Mid Cap Value Trust Stock Up 1.2%

NYSE GGZ traded up $0.20 during trading hours on Friday, reaching $16.06. The company’s stock had a trading volume of 24,985 shares, compared to its average volume of 8,080. The firm’s 50-day moving average price is $15.81 and its 200-day moving average price is $15.50. The Gabelli Global Small and Mid Cap Value Trust has a 1 year low of $12.45 and a 1 year high of $16.80.

The Gabelli Global Small and Mid Cap Value Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 23rd. Stockholders of record on Monday, June 15th will be issued 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 is 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.