The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Short Interest Up 30.2% in July

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 5,600 shares, a growth of 30.2% from the June 30th total of 4,300 shares. Based on an average daily trading volume, of 13,700 shares, the short-interest ratio is currently 0.4 days.

The Gabelli Global Small and Mid Cap Value Trust Stock Performance

Shares of The Gabelli Global Small and Mid Cap Value Trust stock opened at $12.04 on Tuesday. The Gabelli Global Small and Mid Cap Value Trust has a twelve month low of $9.43 and a twelve month high of $12.43. The business has a 50-day moving average price of $11.59 and a 200 day moving average price of $11.61.

The Gabelli Global Small and Mid Cap Value Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Thursday, June 13th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 5.32%. The ex-dividend date was Thursday, June 13th.

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

Institutional investors have recently bought and sold shares 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 valued at approximately $294,000. 180 Wealth Advisors LLC raised its position in The Gabelli Global Small and Mid Cap Value Trust by 12.5% in the fourth quarter. 180 Wealth Advisors LLC now owns 58,683 shares of the company’s stock valued at $681,000 after purchasing an additional 6,509 shares during the period. Private Management Group Inc. increased its position in shares of The Gabelli Global Small and Mid Cap Value Trust by 0.5% during the fourth quarter. Private Management Group Inc. now owns 296,558 shares of the company’s stock worth $3,479,000 after acquiring an additional 1,567 shares during the period. Cornerstone Advisors LLC increased its position in shares of The Gabelli Global Small and Mid Cap Value Trust by 84.7% during the fourth quarter. Cornerstone Advisors LLC now owns 38,471 shares of the company’s stock worth $451,000 after acquiring an additional 17,642 shares during the period. Finally, Stephens Inc. AR increased its position in shares of The Gabelli Global Small and Mid Cap Value Trust by 6.7% during the fourth quarter. Stephens Inc. AR now owns 79,270 shares of the company’s stock worth $930,000 after acquiring an additional 4,966 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.