The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Sees Large Growth in Short Interest

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 1,251 shares, an increase of 172.5% from the May 14th total of 459 shares. Based on an average daily volume of 5,776 shares, the short-interest ratio is presently 0.2 days.

The Gabelli Global Small and Mid Cap Value Trust Stock Up 1.2%

NYSE:GGZ traded up $0.20 during trading hours on Friday, hitting $16.06. 24,985 shares of the company were exchanged, compared to its average volume of 8,080. The Gabelli Global Small and Mid Cap Value Trust has a 52-week low of $12.45 and a 52-week high of $16.80. The company’s 50 day moving average price is $15.81 and its 200-day moving average price is $15.50.

The Gabelli Global Small and Mid Cap Value Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 23rd. Shareholders of record on Monday, June 15th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend is Monday, June 15th.

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

Several large investors have recently bought and sold shares of GGZ. International Assets Investment Management LLC purchased a new stake in The Gabelli Global Small and Mid Cap Value Trust during the 4th quarter worth approximately $32,000. Fifth Third Bancorp purchased a new stake in The Gabelli Global Small and Mid Cap Value Trust in the first quarter valued at approximately $165,000. Private Advisor Group LLC increased its holdings 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 worth $198,000 after buying an additional 1,047 shares during the period. Raymond James Financial Inc. increased its holdings in The Gabelli Global Small and Mid Cap Value Trust by 14.6% in the 2nd quarter. Raymond James Financial Inc. now owns 38,887 shares of the company’s stock worth $518,000 after buying an additional 4,940 shares during the period. Finally, LPL Financial LLC increased its holdings in The Gabelli Global Small and Mid Cap Value Trust by 147.3% in the 4th quarter. LPL Financial LLC now owns 44,802 shares of the company’s stock worth $672,000 after buying an additional 26,683 shares during the period.

The Gabelli Global Small and Mid Cap Value Trust Company Profile

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.