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

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) was the recipient of a significant growth in short interest in 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 trading volume of 6,268 shares, the short-interest ratio is currently 1.0 days.

The Gabelli Global Small and Mid Cap Value Trust Price Performance

Shares of GGZ traded down $0.05 during midday trading on Friday, hitting $16.07. The company had a trading volume of 10,396 shares, compared to its average volume of 8,004. The Gabelli Global Small and Mid Cap Value Trust has a 52 week low of $13.22 and a 52 week high of $16.80. The company’s 50 day moving average price is $15.87 and its 200 day moving average price is $15.62.

The Gabelli Global Small and Mid Cap Value Trust Announces Dividend

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

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

A number of hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC bought a new position in shares of The Gabelli Global Small and Mid Cap Value Trust in the 4th quarter worth about $32,000. Fifth Third Bancorp bought a new position in The Gabelli Global Small and Mid Cap Value Trust in the first quarter worth about $165,000. Private Advisor Group LLC boosted its stake in The Gabelli Global Small and Mid Cap Value Trust by 8.6% in the first quarter. Private Advisor Group LLC now owns 13,154 shares of the company’s stock valued at $198,000 after acquiring an additional 1,047 shares during the period. Raymond James Financial Inc. boosted its stake in The Gabelli Global Small and Mid Cap Value Trust by 14.6% in the second quarter. Raymond James Financial Inc. now owns 38,887 shares of the company’s stock valued at $518,000 after acquiring an additional 4,940 shares during the period. Finally, LPL Financial LLC grew its holdings in shares of 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 valued at $672,000 after purchasing an additional 26,683 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.