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 increase in short interest in the month of June. As of June 15th, there was short interest totaling 5,980 shares, an increase of 378.0% from the May 31st total of 1,251 shares. Based on an average trading volume of 6,268 shares, the days-to-cover ratio is currently 1.0 days.

The Gabelli Global Small and Mid Cap Value Trust Stock Performance

Shares of NYSE:GGZ opened at $16.07 on Monday. The company’s fifty day moving average is $15.87 and its 200-day moving average is $15.63. The Gabelli Global Small and Mid Cap Value Trust has a 52 week low of $13.22 and a 52 week high of $16.80.

The Gabelli Global Small and Mid Cap Value Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Investors of record on Monday, June 15th were issued 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 was Monday, June 15th.

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

Large investors have recently added to or reduced their stakes in the company. Evolve Private Wealth LLC bought a new position in shares of The Gabelli Global Small and Mid Cap Value Trust in the fourth quarter valued at approximately $1,050,000. Bank of America Corp DE grew its position in The Gabelli Global Small and Mid Cap Value Trust by 71.1% during the 3rd quarter. Bank of America Corp DE now owns 150,953 shares of the company’s stock worth $2,181,000 after acquiring an additional 62,718 shares during the last quarter. Raymond James Financial Inc. grew its position in The Gabelli Global Small and Mid Cap Value Trust by 79.2% during the 3rd quarter. Raymond James Financial Inc. now owns 69,688 shares of the company’s stock worth $1,007,000 after acquiring an additional 30,801 shares during the last quarter. LPL Financial LLC increased its holdings in The Gabelli Global Small and Mid Cap Value Trust by 147.3% during the 4th quarter. LPL Financial LLC now owns 44,802 shares of the company’s stock valued at $672,000 after purchasing an additional 26,683 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC increased its holdings in The Gabelli Global Small and Mid Cap Value Trust by 12.3% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 148,001 shares of the company’s stock valued at $2,220,000 after purchasing an additional 16,220 shares in the last quarter.

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.