The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Sees Large Decline in Short Interest

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) was the target of a significant decrease in short interest in February. As of February 15th, there was short interest totalling 400 shares, a decrease of 88.9% from the January 31st total of 3,600 shares. Based on an average daily volume of 19,300 shares, the days-to-cover ratio is presently 0.0 days.

The Gabelli Global Small and Mid Cap Value Trust Stock Performance

The Gabelli Global Small and Mid Cap Value Trust stock traded up $0.12 during mid-day trading on Friday, reaching $12.37. The stock had a trading volume of 6,866 shares, compared to its average volume of 18,676. The Gabelli Global Small and Mid Cap Value Trust has a one year low of $11.02 and a one year high of $13.35. The company has a 50-day moving average price of $12.14 and a two-hundred day moving average price of $12.27.

The Gabelli Global Small and Mid Cap Value Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 17th will be given a $0.16 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.64 annualized dividend and a yield of 5.17%.

Insiders Place Their Bets

In other The Gabelli Global Small and Mid Cap Value Trust news, insider Mario J. Gabelli bought 6,300 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was acquired at an average price of $11.66 per share, with a total value of $73,458.00. Following the completion of the purchase, the insider now owns 45,586 shares of the company’s stock, valued at approximately $531,532.76. This trade represents a 16.04 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in The Gabelli Global Small and Mid Cap Value Trust in the 4th quarter worth about $968,000. Capstone Investment Advisors LLC purchased a new position in shares of The Gabelli Global Small and Mid Cap Value Trust during the fourth quarter valued at approximately $692,000. Shaker Financial Services LLC lifted its position in The Gabelli Global Small and Mid Cap Value Trust by 54.0% during the fourth quarter. Shaker Financial Services LLC now owns 95,751 shares of the company’s stock valued at $1,120,000 after purchasing an additional 33,568 shares during the period. Raymond James Financial Inc. bought a new position in The Gabelli Global Small and Mid Cap Value Trust during the fourth quarter valued at approximately $329,000. Finally, International Assets Investment Management LLC boosted its holdings in The Gabelli Global Small and Mid Cap Value Trust by 1,141.0% in the third quarter. International Assets Investment Management LLC now owns 26,495 shares of the company’s stock worth $329,000 after purchasing an additional 24,360 shares during the last quarter.

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.