The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Short Interest Update

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) was the target of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 2,781 shares, a decline of 40.4% from the June 30th total of 4,663 shares. Based on an average trading volume of 6,542 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC acquired a new stake in The Gabelli Global Small and Mid Cap Value Trust during the fourth quarter worth about $32,000. Fifth Third Bancorp acquired a new stake in shares of The Gabelli Global Small and Mid Cap Value Trust during the 1st quarter worth approximately $165,000. Private Advisor Group LLC raised its position 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 during the period. Raymond James Financial Inc. lifted its holdings in shares of The Gabelli Global Small and Mid Cap Value Trust by 14.6% in 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 during the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of The Gabelli Global Small and Mid Cap Value Trust by 147.3% in the 4th 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.

The Gabelli Global Small and Mid Cap Value Trust Stock Performance

Shares of GGZ stock traded up $0.05 on Friday, hitting $16.20. 10,173 shares of the stock traded hands, compared to its average volume of 7,903. The company’s fifty day moving average is $16.01 and its 200 day moving average is $15.86. The Gabelli Global Small and Mid Cap Value Trust has a 1-year low of $13.30 and a 1-year high of $16.80.

The Gabelli Global Small and Mid Cap Value Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 23rd. Shareholders of record on Monday, June 15th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend was Monday, June 15th.

About The Gabelli Global Small and Mid Cap Value Trust

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.