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:GGZGet Free Report) was the recipient of a significant increase in short interest in 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 daily volume of 13,600 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GGZ. Private Advisor Group LLC purchased a new stake in shares of The Gabelli Global Small and Mid Cap Value Trust during the 3rd quarter worth $260,000. International Assets Investment Management LLC boosted its holdings in The Gabelli Global Small and Mid Cap Value Trust by 1,141.0% during the third quarter. International Assets Investment Management LLC now owns 26,495 shares of the company’s stock worth $329,000 after buying an additional 24,360 shares in the last quarter. Wolverine Asset Management LLC grew its position in The Gabelli Global Small and Mid Cap Value Trust by 299.7% during the third quarter. Wolverine Asset Management LLC now owns 26,884 shares of the company’s stock worth $334,000 after buying an additional 20,158 shares during the period. Cornerstone Advisors LLC increased its holdings in The Gabelli Global Small and Mid Cap Value Trust by 32.3% in the second quarter. Cornerstone Advisors LLC now owns 45,893 shares of the company’s stock valued at $518,000 after buying an additional 11,207 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of The Gabelli Global Small and Mid Cap Value Trust during the 2nd quarter valued at approximately $843,000.

The Gabelli Global Small and Mid Cap Value Trust Price Performance

Shares of GGZ opened at $11.70 on Friday. The stock’s 50 day moving average is $12.54 and its two-hundred day moving average is $12.10. The Gabelli Global Small and Mid Cap Value Trust has a twelve month low of $11.02 and a twelve month high of $13.35.

The Gabelli Global Small and Mid Cap Value Trust Dividend Announcement

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

About The Gabelli Global Small and Mid Cap Value Trust

(Get Free Report)

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.

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