The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Short Interest Update

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) saw a significant decline in short interest during the month of January. As of January 15th, there was short interest totalling 700 shares, a decline of 81.6% from the December 31st total of 3,800 shares. Based on an average daily volume of 17,900 shares, the short-interest ratio is presently 0.0 days.

Insiders Place Their Bets

In other news, insider Mario J. Gabelli purchased 6,300 shares of the business’s stock in a transaction on Monday, January 13th. The shares were acquired at an average cost of $11.66 per share, with a total value of $73,458.00. Following the completion of the acquisition, the insider now owns 45,586 shares of the company’s stock, valued at $531,532.76. This trade represents a 16.04 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GGZ. Private Advisor Group LLC acquired a new position in shares of The Gabelli Global Small and Mid Cap Value Trust in the third quarter valued at about $260,000. International Assets Investment Management LLC grew its position in shares of The Gabelli Global Small and Mid Cap Value Trust by 1,141.0% during the 3rd quarter. International Assets Investment Management LLC now owns 26,495 shares of the company’s stock valued at $329,000 after acquiring an additional 24,360 shares during the period. Wolverine Asset Management LLC increased its position in shares of The Gabelli Global Small and Mid Cap Value Trust by 299.7% in the third quarter. Wolverine Asset Management LLC now owns 26,884 shares of the company’s stock valued at $334,000 after buying an additional 20,158 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in The Gabelli Global Small and Mid Cap Value Trust in the 2nd quarter worth $843,000. Finally, 180 Wealth Advisors LLC raised its position in shares of The Gabelli Global Small and Mid Cap Value Trust by 5.0% during the 4th quarter. 180 Wealth Advisors LLC now owns 91,693 shares of the company’s stock worth $1,073,000 after purchasing an additional 4,407 shares during the last quarter.

The Gabelli Global Small and Mid Cap Value Trust Price Performance

GGZ stock remained flat at $12.27 on Wednesday. The company had a trading volume of 45,643 shares, compared to its average volume of 27,802. The stock’s 50-day simple moving average is $12.36 and its 200 day simple moving average is $12.19. The Gabelli Global Small and Mid Cap Value Trust has a 1 year low of $11.02 and a 1 year high of $13.35.

The Gabelli Global Small and Mid Cap Value Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 13th were paid a dividend of $0.16 per share. The ex-dividend date was Friday, December 13th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.22%.

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.