The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Shares Shorted: Short Interest Up 51.6% in September

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 2,285 shares, an increase of 51.6% from the August 31st total of 1,507 shares. Based on an average trading volume of 5,045 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GGZ. Private Advisor Group LLC boosted 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 valued at $198,000 after buying an additional 1,047 shares during the period. 180 Wealth Advisors LLC increased its holdings in shares of The Gabelli Global Small and Mid Cap Value Trust by 2.9% in the first quarter. 180 Wealth Advisors LLC now owns 119,812 shares of the company’s stock valued at $1,800,000 after buying an additional 3,332 shares in the last quarter. Fifth Third Bancorp bought a new stake in shares of The Gabelli Global Small and Mid Cap Value Trust during the 1st quarter worth $165,000. Silverlake Wealth Management LLC acquired a new position in shares of The Gabelli Global Small and Mid Cap Value Trust in the 2nd quarter valued at $244,000. Finally, Beckerman Institutional LLC bought a new stake in The Gabelli Global Small and Mid Cap Value Trust during the 2nd quarter valued at approximately $933,000.

The Gabelli Global Small and Mid Cap Value Trust Stock Down 0.9%

NYSE GGZ traded down $0.14 on Friday, hitting $15.29. 356 shares of the stock were exchanged, compared to its average volume of 7,545. The Gabelli Global Small and Mid Cap Value Trust has a 52-week low of $13.35 and a 52-week high of $17.08. The stock has a fifty 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th were paid a $0.21 dividend. The ex-dividend date was Wednesday, September 16th. This represents a $0.84 dividend on an annualized basis and a yield of 5.5%.

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 investment company that seeks long-term capital appreciation by investing primarily in equity securities of small- and mid-capitalization companies around the world. The fund follows a value-oriented investment approach, emphasizing companies that its investment adviser believes are undervalued relative to their business prospects, assets or earnings potential.

GGZ provides investors with diversified exposure to global equities across a range of industries and geographic markets.