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

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) saw a significant growth in short interest in October. As of October 15th, there was short interest totalling 3,300 shares, a growth of 43.5% from the September 30th total of 2,300 shares. Based on an average trading volume of 11,800 shares, the short-interest ratio is currently 0.3 days.

The Gabelli Global Small and Mid Cap Value Trust Stock Up 0.4 %

Shares of GGZ stock traded up $0.05 during mid-day trading on Tuesday, reaching $12.38. 27,708 shares of the company were exchanged, compared to its average volume of 12,481. The business’s 50 day simple moving average is $12.13 and its 200 day simple moving average is $11.77. The Gabelli Global Small and Mid Cap Value Trust has a fifty-two week low of $9.47 and a fifty-two week high of $12.50.

The Gabelli Global Small and Mid Cap Value Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Monday, September 16th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 5.17%. The ex-dividend date was Monday, September 16th.

Hedge Funds Weigh In On The Gabelli Global Small and Mid Cap Value Trust

Several large investors have recently added to or reduced their stakes in GGZ. Private Advisor Group LLC bought a new stake in The Gabelli Global Small and Mid Cap Value Trust in the third quarter valued at $260,000. International Assets Investment Management LLC lifted its holdings in shares of 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 valued at $329,000 after purchasing an additional 24,360 shares during the last quarter. Silverlake Wealth Management LLC increased its position in shares of The Gabelli Global Small and Mid Cap Value Trust by 2.6% in the first quarter. Silverlake Wealth Management LLC now owns 35,222 shares of the company’s stock worth $423,000 after acquiring an additional 903 shares in the last quarter. Cornerstone Advisors LLC grew its position in The Gabelli Global Small and Mid Cap Value Trust by 32.3% during the 2nd quarter. Cornerstone Advisors LLC now owns 45,893 shares of the company’s stock worth $518,000 after purchasing an additional 11,207 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of The Gabelli Global Small and Mid Cap Value Trust during the second quarter valued at $843,000.

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.