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) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 5,980 shares, a growth of 378.0% from the May 31st total of 1,251 shares. Based on an average daily trading volume, of 6,268 shares, the short-interest ratio is currently 1.0 days.

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

A number of hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. increased its holdings in shares of The Gabelli Global Small and Mid Cap Value Trust by 79.2% during the third quarter. Raymond James Financial Inc. now owns 69,688 shares of the company’s stock valued at $1,007,000 after purchasing an additional 30,801 shares during the period. Bank of America Corp DE grew its position in The Gabelli Global Small and Mid Cap Value Trust by 1.5% in the 2nd quarter. Bank of America Corp DE now owns 88,235 shares of the company’s stock valued at $1,175,000 after buying an additional 1,335 shares in the last quarter. 180 Wealth Advisors LLC increased its stake in The Gabelli Global Small and Mid Cap Value Trust by 5.5% during the 4th quarter. 180 Wealth Advisors LLC now owns 116,480 shares of the company’s stock valued at $1,747,000 after buying an additional 6,121 shares during the period. Blue Bell Private Wealth Management LLC raised its position in shares of The Gabelli Global Small and Mid Cap Value Trust by 12.3% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 148,001 shares of the company’s stock worth $2,220,000 after buying an additional 16,220 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its stake in shares of The Gabelli Global Small and Mid Cap Value Trust by 5.2% in the 4th quarter. Osaic Holdings Inc. now owns 102,589 shares of the company’s stock worth $1,539,000 after acquiring an additional 5,068 shares during the period.

The Gabelli Global Small and Mid Cap Value Trust Stock Performance

Shares of GGZ traded down $0.05 during midday trading on Friday, hitting $16.07. 10,396 shares of the stock traded hands, compared to its average volume of 8,004. The business’s 50 day moving average price is $15.87 and its two-hundred day moving average price is $15.62. The Gabelli Global Small and Mid Cap Value Trust has a 1-year low of $13.22 and a 1-year high of $16.80.

The Gabelli Global Small and Mid Cap Value Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Monday, June 15th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend was Monday, June 15th.

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.