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) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 5,238 shares, an increase of 65.9% from the September 30th total of 3,157 shares. Based on an average trading volume of 3,940 shares, the days-to-cover ratio is currently 1.3 days.

The Gabelli Global Small and Mid Cap Value Trust Price Performance

The Gabelli Global Small and Mid Cap Value Trust stock opened at $14.97 on Tuesday. The firm has a 50 day moving average of $15.58 and a 200 day moving average of $15.86. The Gabelli Global Small and Mid Cap Value Trust has a 12-month low of $13.35 and a 12-month high of $17.08.

The Gabelli Global Small and Mid Cap Value Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date was Wednesday, September 16th.

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

A number of hedge funds and other institutional investors have recently modified their holdings of GGZ. Fifth Third Bancorp purchased a new position in shares of The Gabelli Global Small and Mid Cap Value Trust during the 1st quarter valued at $165,000. Private Advisor Group LLC increased its stake in The Gabelli Global Small and Mid Cap Value Trust by 8.6% in the 1st quarter. Private Advisor Group LLC now owns 13,154 shares of the company’s stock worth $198,000 after buying an additional 1,047 shares in the last quarter. Silverlake Wealth Management LLC purchased a new stake in The Gabelli Global Small and Mid Cap Value Trust in the 2nd quarter worth $244,000. Beckerman Institutional LLC bought a new stake in 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 stake in The Gabelli Global Small and Mid Cap Value Trust during the second quarter valued at about $1,075,000.

The Gabelli Global Small and Mid Cap Value Trust Company Profile

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.