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) saw a significant decline in short interest in February. As of February 15th, there was short interest totalling 400 shares, a decline of 88.9% from the January 31st total of 3,600 shares. Based on an average daily volume of 19,300 shares, the short-interest ratio is presently 0.0 days.

The Gabelli Global Small and Mid Cap Value Trust Stock Performance

Shares of GGZ traded down $0.14 during mid-day trading on Thursday, reaching $12.28. The company’s stock had a trading volume of 12,277 shares, compared to its average volume of 18,994. The Gabelli Global Small and Mid Cap Value Trust has a 1-year low of $11.02 and a 1-year high of $13.35. The business has a 50-day simple moving average of $12.14 and a two-hundred day simple moving average of $12.27.

The Gabelli Global Small and Mid Cap Value Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 17th will be paid a dividend of $0.16 per share. The ex-dividend date is Monday, March 17th. This represents a $0.64 dividend on an annualized basis and a yield of 5.21%.

Insider Activity

In related news, insider Mario J. Gabelli purchased 6,300 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was purchased at an average cost of $11.66 per share, for a total transaction of $73,458.00. Following the completion of the purchase, the insider now directly owns 45,586 shares in the company, valued at $531,532.76. This trade represents a 16.04 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Independent Advisor Alliance bought a new position in The Gabelli Global Small and Mid Cap Value Trust in the fourth quarter valued at approximately $118,000. Comerica Bank grew its holdings in shares of The Gabelli Global Small and Mid Cap Value Trust by 10.0% during the 4th quarter. Comerica Bank now owns 11,000 shares of the company’s stock valued at $129,000 after purchasing an additional 1,000 shares during the last quarter. WealthShield Partners LLC acquired a new position in The Gabelli Global Small and Mid Cap Value Trust during the 4th quarter worth approximately $147,000. Private Advisor Group LLC bought a new position in The Gabelli Global Small and Mid Cap Value Trust in the 3rd quarter valued at approximately $260,000. Finally, Raymond James Financial Inc. acquired a new stake in The Gabelli Global Small and Mid Cap Value Trust in the fourth quarter valued at approximately $329,000.

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.