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

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 700 shares, a drop of 81.6% from the December 31st total of 3,800 shares. Based on an average daily volume of 17,900 shares, the days-to-cover ratio is presently 0.0 days.

The Gabelli Global Small and Mid Cap Value Trust Stock Performance

Shares of NYSE:GGZ remained flat at $12.27 during mid-day trading on Wednesday. The company had a trading volume of 45,643 shares, compared to its average volume of 27,802. The business has a 50-day moving average of $12.36 and a 200 day moving average of $12.19. The Gabelli Global Small and Mid Cap Value Trust has a 12 month low of $11.02 and a 12 month high of $13.35.

The Gabelli Global Small and Mid Cap Value Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 13th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 5.22%. The ex-dividend date of this dividend was Friday, December 13th.

Insider Buying and Selling

In other The Gabelli Global Small and Mid Cap Value Trust news, insider Mario J. Gabelli bought 6,300 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The stock was purchased at an average price of $11.66 per share, for a total transaction of $73,458.00. Following the completion of the transaction, the insider now owns 45,586 shares of the company’s stock, valued at $531,532.76. This trade represents a 16.04 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. 180 Wealth Advisors LLC raised its holdings in The Gabelli Global Small and Mid Cap Value Trust by 5.0% during the 4th quarter. 180 Wealth Advisors LLC now owns 91,693 shares of the company’s stock valued at $1,073,000 after buying an additional 4,407 shares during the period. Sanctuary Advisors LLC raised its stake in shares of The Gabelli Global Small and Mid Cap Value Trust by 1.6% in the third quarter. Sanctuary Advisors LLC now owns 75,224 shares of the company’s stock valued at $968,000 after acquiring an additional 1,213 shares during the period. Wolverine Asset Management LLC lifted its holdings in shares of The Gabelli Global Small and Mid Cap Value Trust by 299.7% in the 3rd quarter. Wolverine Asset Management LLC now owns 26,884 shares of the company’s stock worth $334,000 after acquiring an additional 20,158 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of The Gabelli Global Small and Mid Cap Value Trust by 1,141.0% during the 3rd quarter. International Assets Investment Management LLC now owns 26,495 shares of the company’s stock worth $329,000 after purchasing an additional 24,360 shares during the period. Finally, Private Advisor Group LLC bought a new position in The Gabelli Global Small and Mid Cap Value Trust during the 3rd quarter valued at about $260,000.

The Gabelli Global Small and Mid Cap Value Trust Company Profile

The Gabelli Global Small and Mid Cap Value Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies that are operating across diversified sectors.