The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Short Interest Down 63.2% in July

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 1,024 shares, a decrease of 63.2% from the July 15th total of 2,781 shares. Based on an average daily volume of 7,164 shares, the days-to-cover ratio is presently 0.1 days.

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

A number of institutional investors have recently added to or reduced their stakes in GGZ. International Assets Investment Management LLC bought a new position in The Gabelli Global Small and Mid Cap Value Trust during the fourth quarter valued at about $32,000. Fifth Third Bancorp bought a new stake in shares of The Gabelli Global Small and Mid Cap Value Trust in the 1st quarter worth approximately $165,000. Private Advisor Group LLC grew its holdings in shares of The Gabelli Global Small and Mid Cap Value Trust by 8.6% during the 1st quarter. Private Advisor Group LLC now owns 13,154 shares of the company’s stock worth $198,000 after purchasing an additional 1,047 shares in the last quarter. Silverlake Wealth Management LLC acquired a new stake in shares of The Gabelli Global Small and Mid Cap Value Trust during the 2nd quarter worth approximately $244,000. Finally, Raymond James Financial Inc. grew its holdings in shares of The Gabelli Global Small and Mid Cap Value Trust by 14.6% during the 2nd quarter. Raymond James Financial Inc. now owns 38,887 shares of the company’s stock worth $518,000 after purchasing an additional 4,940 shares in the last quarter.

The Gabelli Global Small and Mid Cap Value Trust Price Performance

The Gabelli Global Small and Mid Cap Value Trust stock traded up $0.14 during mid-day trading on Friday, reaching $16.89. The company had a trading volume of 1,420 shares, compared to its average volume of 7,810. The company has a 50 day moving average of $16.16 and a 200-day moving average of $15.94. The Gabelli Global Small and Mid Cap Value Trust has a 52 week low of $13.35 and a 52 week high of $17.08.

The Gabelli Global Small and Mid Cap Value Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 16th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Wednesday, September 16th.

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.