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 large increase in short interest in August. As of August 31st, there was short interest totaling 1,507 shares, an increase of 74.2% from the August 15th total of 865 shares. Based on an average daily volume of 7,961 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On The Gabelli Global Small and Mid Cap Value Trust

Institutional investors have recently bought and sold shares of the company. Beckerman Institutional LLC increased its holdings in shares of The Gabelli Global Small and Mid Cap Value Trust by 1.6% during the 4th quarter. Beckerman Institutional LLC now owns 58,885 shares of the company’s stock worth $883,000 after acquiring an additional 942 shares during the last quarter. Private Advisor Group LLC grew 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 valued at $198,000 after buying an additional 1,047 shares during the last quarter. 180 Wealth Advisors LLC raised its holdings in The Gabelli Global Small and Mid Cap Value Trust by 2.9% in the 1st quarter. 180 Wealth Advisors LLC now owns 119,812 shares of the company’s stock valued at $1,800,000 after acquiring an additional 3,332 shares during the period. Fifth Third Bancorp acquired a new position in shares of The Gabelli Global Small and Mid Cap Value Trust in the first quarter valued at approximately $165,000. Finally, Silverlake Wealth Management LLC bought a new position in shares of The Gabelli Global Small and Mid Cap Value Trust during the second quarter worth approximately $244,000.

The Gabelli Global Small and Mid Cap Value Trust Stock Performance

Shares of The Gabelli Global Small and Mid Cap Value Trust stock traded down $0.49 during trading on Wednesday, reaching $15.55. The stock had a trading volume of 4,033 shares, compared to its average volume of 7,646. The stock has a fifty day moving average price of $16.32 and a two-hundred day moving average price of $15.97. The Gabelli Global Small and Mid Cap Value Trust has a 52 week low of $13.35 and a 52 week high of $17.08.

The Gabelli Global Small and Mid Cap Value Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 16th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend is Wednesday, September 16th.

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.