Short Interest in The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Declines By 86.1%

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 459 shares, a drop of 86.1% from the April 30th total of 3,297 shares. Based on an average trading volume of 11,348 shares, the days-to-cover ratio is presently 0.0 days.

The Gabelli Global Small and Mid Cap Value Trust Stock Performance

The Gabelli Global Small and Mid Cap Value Trust stock traded down $0.11 during mid-day trading on Thursday, reaching $15.68. 11,228 shares of the company’s stock were exchanged, compared to its average volume of 8,241. The business’s fifty day simple moving average is $15.63 and its 200 day simple moving average is $15.35. The Gabelli Global Small and Mid Cap Value Trust has a one year low of $12.45 and a one year high of $16.80.

The Gabelli Global Small and Mid Cap Value Trust Announces Dividend

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 issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date is Monday, June 15th.

Institutional Trading of The Gabelli Global Small and Mid Cap Value Trust

Hedge funds have recently bought and sold shares of the business. Evolve Private Wealth LLC purchased a new stake in The Gabelli Global Small and Mid Cap Value Trust in the fourth quarter worth $1,050,000. Bank of America Corp DE lifted its stake in The Gabelli Global Small and Mid Cap Value Trust by 71.1% during the third quarter. Bank of America Corp DE now owns 150,953 shares of the company’s stock worth $2,181,000 after purchasing an additional 62,718 shares during the last quarter. Raymond James Financial Inc. lifted its stake in 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 worth $1,007,000 after purchasing an additional 30,801 shares during the last quarter. LPL Financial LLC lifted its stake in The Gabelli Global Small and Mid Cap Value Trust by 147.3% during the fourth quarter. LPL Financial LLC now owns 44,802 shares of the company’s stock worth $672,000 after purchasing an additional 26,683 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC lifted its stake in The Gabelli Global Small and Mid Cap Value Trust by 12.3% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 148,001 shares of the company’s stock worth $2,220,000 after purchasing an additional 16,220 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.