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 large increase in short interest in the month of December. As of December 15th, there was short interest totalling 3,800 shares, an increase of 5.6% from the November 30th total of 3,600 shares. Based on an average daily trading volume, of 13,600 shares, the days-to-cover ratio is currently 0.3 days.

The Gabelli Global Small and Mid Cap Value Trust Price Performance

Shares of The Gabelli Global Small and Mid Cap Value Trust stock opened at $11.70 on Thursday. The firm has a fifty day moving average price of $12.55 and a 200 day moving average price of $12.10. 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 Gabelli Global Small and Mid Cap Value Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 13th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 5.47%. The ex-dividend date was Friday, December 13th.

Hedge Funds Weigh In On The Gabelli Global Small and Mid Cap Value Trust

Several large investors have recently made changes to their positions in the company. Sanctuary Advisors LLC lifted its holdings in The Gabelli Global Small and Mid Cap Value Trust by 1.6% during the third quarter. Sanctuary Advisors LLC now owns 75,224 shares of the company’s stock valued at $968,000 after purchasing an additional 1,213 shares in the last quarter. Wolverine Asset Management LLC lifted its position in shares of The Gabelli Global Small and Mid Cap Value Trust by 299.7% in the third quarter. Wolverine Asset Management LLC now owns 26,884 shares of the company’s stock valued at $334,000 after acquiring an additional 20,158 shares in 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% in the third quarter. International Assets Investment Management LLC now owns 26,495 shares of the company’s stock worth $329,000 after acquiring an additional 24,360 shares during the last quarter. Private Advisor Group LLC acquired a new position in The Gabelli Global Small and Mid Cap Value Trust in the 3rd quarter valued at $260,000. Finally, Cornerstone Advisors LLC lifted its holdings in The Gabelli Global Small and Mid Cap Value Trust by 32.3% in the 2nd quarter. Cornerstone Advisors LLC now owns 45,893 shares of the company’s stock valued at $518,000 after purchasing an additional 11,207 shares in the last quarter.

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.