Short Interest in The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Increases By 5.6%

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 3,800 shares, an increase of 5.6% from the November 30th total of 3,600 shares. Based on an average trading volume of 13,600 shares, the short-interest ratio is currently 0.3 days.

The Gabelli Global Small and Mid Cap Value Trust Stock Performance

Shares of NYSE:GGZ opened at $11.70 on Thursday. The Gabelli Global Small and Mid Cap Value Trust has a 52-week low of $11.02 and a 52-week high of $13.35. The business has a fifty day moving average of $12.55 and a two-hundred day moving average of $12.10.

The Gabelli Global Small and Mid Cap Value Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 13th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.47%. The ex-dividend date was Friday, December 13th.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Shaker Financial Services LLC lifted its stake in shares of The Gabelli Global Small and Mid Cap Value Trust by 4.8% in the 2nd quarter. Shaker Financial Services LLC now owns 81,994 shares of the company’s stock valued at $926,000 after purchasing an additional 3,746 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its position in The Gabelli Global Small and Mid Cap Value Trust by 8.3% in the second quarter. Blue Bell Private Wealth Management LLC now owns 81,586 shares of the company’s stock valued at $921,000 after buying an additional 6,250 shares during the last quarter. Sanctuary Advisors LLC boosted its stake in The Gabelli Global Small and Mid Cap Value Trust by 1.6% during the third quarter. Sanctuary Advisors LLC now owns 75,224 shares of the company’s stock worth $968,000 after buying an additional 1,213 shares during the period. Cornerstone Advisors LLC increased its position in shares of The Gabelli Global Small and Mid Cap Value Trust by 32.3% during the second quarter. Cornerstone Advisors LLC now owns 45,893 shares of the company’s stock valued at $518,000 after acquiring an additional 11,207 shares during the last quarter. Finally, Wolverine Asset Management LLC raised its stake in shares of The Gabelli Global Small and Mid Cap Value Trust by 299.7% in the 3rd quarter. Wolverine Asset Management LLC now owns 26,884 shares of the company’s stock valued at $334,000 after acquiring an additional 20,158 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.