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

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) was the recipient of a large increase in short interest in the month of 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.

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

NYSE:GGZ traded up $0.20 on Friday, reaching $16.06. 24,985 shares of the stock traded hands, compared to its average volume of 8,080. The company’s fifty day simple moving average is $15.81 and its 200 day simple moving average is $15.50. The Gabelli Global Small and Mid Cap Value Trust has a 12 month low of $12.45 and a 12 month high of $16.80.

The Gabelli Global Small and Mid Cap Value Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Monday, June 15th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 5.2%. The ex-dividend date is Monday, June 15th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GGZ. Beckerman Institutional LLC boosted its position in shares of The Gabelli Global Small and Mid Cap Value Trust by 1.6% in the fourth quarter. Beckerman Institutional LLC now owns 58,885 shares of the company’s stock worth $883,000 after buying an additional 942 shares during the period. Private Advisor Group LLC grew its stake in The Gabelli Global Small and Mid Cap Value Trust by 8.6% in the first quarter. Private Advisor Group LLC now owns 13,154 shares of the company’s stock valued at $198,000 after purchasing an additional 1,047 shares in the last quarter. Bank of America Corp DE lifted its position in shares of The Gabelli Global Small and Mid Cap Value Trust by 1.5% in the second quarter. Bank of America Corp DE now owns 88,235 shares of the company’s stock worth $1,175,000 after buying an additional 1,335 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of The Gabelli Global Small and Mid Cap Value Trust in the fourth quarter worth about $32,000. Finally, 180 Wealth Advisors LLC lifted its position in shares of The Gabelli Global Small and Mid Cap Value Trust by 2.9% in the first quarter. 180 Wealth Advisors LLC now owns 119,812 shares of the company’s stock worth $1,800,000 after buying an additional 3,332 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 (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.