The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Shares Shorted: Short Interest Up 65.9% in October

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 5,238 shares, a growth of 65.9% from the September 30th total of 3,157 shares. Based on an average daily volume of 3,940 shares, the short-interest ratio is currently 1.3 days.

The Gabelli Global Small and Mid Cap Value Trust Price Performance

NYSE:GGZ opened at $15.16 on Wednesday. The Gabelli Global Small and Mid Cap Value Trust has a fifty-two week low of $13.35 and a fifty-two week high of $17.08. The business has a 50 day moving average price of $15.55 and a 200-day moving average price of $15.86.

The Gabelli Global Small and Mid Cap Value Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Wednesday, September 16th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend was Wednesday, September 16th.

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

Several institutional investors have recently added to or reduced their stakes in GGZ. Fifth Third Bancorp bought a new stake in The Gabelli Global Small and Mid Cap Value Trust in the 1st quarter worth $165,000. Private Advisor Group LLC increased its position in shares of 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. Silverlake Wealth Management LLC bought a new position in shares of The Gabelli Global Small and Mid Cap Value Trust during the second quarter valued at about $244,000. Beckerman Institutional LLC bought a new position in shares of The Gabelli Global Small and Mid Cap Value Trust during the second quarter valued at about $933,000. Finally, Evolve Private Wealth LLC bought a new position in shares of The Gabelli Global Small and Mid Cap Value Trust during the second quarter valued at about $1,075,000.

About The Gabelli Global Small and Mid Cap Value Trust

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) is a diversified, closed-end investment company that seeks long-term growth of capital. The fund invests primarily in equity securities of small- and mid-capitalization companies that its investment adviser believes are undervalued relative to their underlying businesses and growth prospects.

GGZ provides shareholders with exposure to companies across global markets, including the United States and international developed and emerging economies.