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

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) saw a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 700 shares, a drop of 81.6% from the December 15th total of 3,800 shares. Based on an average trading volume of 17,900 shares, the days-to-cover ratio is currently 0.0 days.

The Gabelli Global Small and Mid Cap Value Trust Stock Performance

NYSE GGZ traded down $0.01 during trading hours on Monday, reaching $11.66. 17,903 shares of the company were exchanged, compared to its average volume of 31,272. The Gabelli Global Small and Mid Cap Value Trust has a 1 year low of $11.02 and a 1 year high of $13.35. The business’s 50 day simple moving average is $12.47 and its 200-day simple moving average is $12.13.

The Gabelli Global Small and Mid Cap Value Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 13th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 5.49%. The ex-dividend date was Friday, December 13th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Private Advisor Group LLC bought a new stake in shares of The Gabelli Global Small and Mid Cap Value Trust during the third quarter valued at about $260,000. International Assets Investment Management LLC grew its position in The Gabelli Global Small and Mid Cap Value Trust by 1,141.0% in the third quarter. International Assets Investment Management LLC now owns 26,495 shares of the company’s stock worth $329,000 after acquiring an additional 24,360 shares in the last quarter. Wolverine Asset Management LLC boosted its stake in The Gabelli Global Small and Mid Cap Value Trust by 299.7% in the third quarter. Wolverine Asset Management LLC now owns 26,884 shares of the company’s stock worth $334,000 after buying an additional 20,158 shares in the last quarter. Cornerstone Advisors LLC grew its stake in shares of The Gabelli Global Small and Mid Cap Value Trust by 32.3% during the second quarter. Cornerstone Advisors LLC now owns 45,893 shares of the company’s stock valued at $518,000 after buying an additional 11,207 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of The Gabelli Global Small and Mid Cap Value Trust during the second quarter valued at about $843,000.

The Gabelli Global Small and Mid Cap Value Trust Company Profile

The Gabelli Global Small and Mid Cap Value Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc The fund is managed by Gabelli Funds, LLC. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies that are operating across diversified sectors.