The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Shares Shorted: Short Interest Up 65.9% in October

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 5,238 shares, a growth of 65.9% from the September 30th total of 3,157 shares. Based on an average daily trading volume, of 3,940 shares, the days-to-cover ratio is presently 1.3 days.

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

Several institutional investors have recently modified their holdings of the business. Fifth Third Bancorp acquired a new position in shares of The Gabelli Global Small and Mid Cap Value Trust in the 1st quarter worth approximately $165,000. Private Advisor Group LLC increased its position in shares of The Gabelli Global Small and Mid Cap Value Trust by 8.6% during the first quarter. Private Advisor Group LLC now owns 13,154 shares of the company’s stock worth $198,000 after buying an additional 1,047 shares during the period. Silverlake Wealth Management LLC acquired a new stake in shares of The Gabelli Global Small and Mid Cap Value Trust during the second quarter worth $244,000. Beckerman Institutional LLC bought a new position in The Gabelli Global Small and Mid Cap Value Trust during the second quarter worth $933,000. Finally, Evolve Private Wealth LLC bought a new position in The Gabelli Global Small and Mid Cap Value Trust during the second quarter worth $1,075,000.

The Gabelli Global Small and Mid Cap Value Trust Trading Up 0.6%

NYSE:GGZ opened at $14.89 on Monday. The stock has a fifty day moving average price of $15.61 and a 200-day moving average price of $15.86. The Gabelli Global Small and Mid Cap Value Trust has a fifty-two week low of $13.35 and a fifty-two week high of $17.08.

The Gabelli Global Small and Mid Cap Value Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Wednesday, September 16th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date was Wednesday, September 16th.

The Gabelli Global Small and Mid Cap Value Trust Company Profile

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) is a diversified, closed-end investment company that seeks long-term growth of capital. The fund invests primarily in equity securities of small- and mid-capitalization companies that its investment adviser believes are undervalued relative to their underlying businesses and growth prospects.

GGZ provides shareholders with exposure to companies across global markets, including the United States and international developed and emerging economies.