Short Interest in The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Drops By 63.2%

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) was the recipient of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 1,024 shares, a decrease of 63.2% from the July 15th total of 2,781 shares. Based on an average trading volume of 7,164 shares, the days-to-cover ratio is presently 0.1 days.

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

Institutional investors have recently made changes to their positions in the business. Bank of America Corp DE grew its position in shares of The Gabelli Global Small and Mid Cap Value Trust by 71.1% during the third quarter. Bank of America Corp DE now owns 150,953 shares of the company’s stock worth $2,181,000 after buying an additional 62,718 shares in the last quarter. Blue Bell Private Wealth Management LLC raised its holdings in The Gabelli Global Small and Mid Cap Value Trust by 12.3% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 148,001 shares of the company’s stock valued at $2,220,000 after acquiring an additional 16,220 shares in the last quarter. 180 Wealth Advisors LLC boosted its stake in The Gabelli Global Small and Mid Cap Value Trust by 2.9% during 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 last quarter. Osaic Holdings Inc. boosted its stake in The Gabelli Global Small and Mid Cap Value Trust by 5.2% during the 4th quarter. Osaic Holdings Inc. now owns 102,589 shares of the company’s stock valued at $1,539,000 after acquiring an additional 5,068 shares during the last quarter. Finally, Evolve Private Wealth LLC acquired a new position in The Gabelli Global Small and Mid Cap Value Trust during the 4th quarter worth $1,050,000.

The Gabelli Global Small and Mid Cap Value Trust Stock Performance

The Gabelli Global Small and Mid Cap Value Trust stock traded up $0.12 during midday trading on Friday, hitting $16.88. 3,382 shares of the stock were exchanged, compared to its average volume of 7,822. The Gabelli Global Small and Mid Cap Value Trust has a 1 year low of $13.35 and a 1 year high of $17.08. The company has a 50 day moving average price of $16.19 and a two-hundred day moving average price of $15.94.

The Gabelli Global Small and Mid Cap Value Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date 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.