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 recipient of a significant growth in short interest in February. As of February 28th, there was short interest totalling 4,800 shares, a growth of 1,100.0% from the February 13th total of 400 shares. Based on an average daily volume of 21,200 shares, the short-interest ratio is currently 0.2 days.

Insider Buying and Selling

In related news, insider Mario J. Gabelli bought 6,300 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was purchased at an average price of $11.66 per share, with a total value of $73,458.00. Following the completion of the transaction, the insider now directly owns 45,586 shares of the company’s stock, valued at $531,532.76. This trade represents a 16.04 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

Several hedge funds and other institutional investors have recently bought and sold shares of GGZ. Blue Bell Private Wealth Management LLC lifted its position in shares of The Gabelli Global Small and Mid Cap Value Trust by 12.4% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 102,258 shares of the company’s stock worth $1,196,000 after acquiring an additional 11,262 shares during the period. Shaker Financial Services LLC lifted its position in The Gabelli Global Small and Mid Cap Value Trust by 54.0% in the fourth quarter. Shaker Financial Services LLC now owns 95,751 shares of the company’s stock worth $1,120,000 after purchasing an additional 33,568 shares during the period. 180 Wealth Advisors LLC lifted its position in The Gabelli Global Small and Mid Cap Value Trust by 5.0% in the fourth quarter. 180 Wealth Advisors LLC now owns 91,693 shares of the company’s stock worth $1,073,000 after purchasing an additional 4,407 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in The Gabelli Global Small and Mid Cap Value Trust during the fourth quarter worth $968,000. Finally, Sanctuary Advisors LLC increased its holdings in The Gabelli Global Small and Mid Cap Value Trust by 1.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 75,224 shares of the company’s stock valued at $968,000 after buying an additional 1,213 shares during the period.

The Gabelli Global Small and Mid Cap Value Trust Trading Down 0.2 %

Shares of The Gabelli Global Small and Mid Cap Value Trust stock traded down $0.02 during trading on Wednesday, reaching $12.08. The company’s stock had a trading volume of 12,939 shares, compared to its average volume of 19,782. The business’s fifty day moving average price is $12.20 and its 200-day moving average price is $12.31. The Gabelli Global Small and Mid Cap Value Trust has a one year low of $11.02 and a one year high of $13.35.

The Gabelli Global Small and Mid Cap Value Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 17th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.64 annualized dividend and a dividend yield of 5.30%.

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.