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) was the target of a significant increase in short interest in February. As of February 28th, there was short interest totalling 4,800 shares, an increase of 1,100.0% from the February 13th total of 400 shares. Based on an average daily trading volume, of 21,200 shares, the days-to-cover ratio is currently 0.2 days.

The Gabelli Global Small and Mid Cap Value Trust Price Performance

Shares of NYSE:GGZ opened at $12.10 on Thursday. The stock has a 50 day moving average price of $12.20 and a 200-day moving average price of $12.31. The Gabelli Global Small and Mid Cap Value Trust has a 52-week low of $11.02 and a 52-week high of $13.35.

The Gabelli Global Small and Mid Cap Value Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 17th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.29%. The ex-dividend date of this dividend is Monday, March 17th.

Insider Buying and Selling

In other The Gabelli Global Small and Mid Cap Value Trust news, insider Mario J. Gabelli bought 7,700 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were bought at an average price of $11.67 per share, for a total transaction of $89,859.00. Following the transaction, the insider now directly owns 39,286 shares in the company, valued at $458,467.62. This trade represents a 24.38 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Institutional Investors Weigh In On The Gabelli Global Small and Mid Cap Value Trust

Several large investors have recently bought and sold shares of the business. Blue Bell Private Wealth Management LLC increased its holdings in The Gabelli Global Small and Mid Cap Value Trust by 12.4% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 102,258 shares of the company’s stock worth $1,196,000 after acquiring an additional 11,262 shares in the last quarter. Shaker Financial Services LLC boosted its holdings in shares of The Gabelli Global Small and Mid Cap Value Trust by 54.0% in the 4th quarter. Shaker Financial Services LLC now owns 95,751 shares of the company’s stock worth $1,120,000 after purchasing an additional 33,568 shares during the period. 180 Wealth Advisors LLC increased its position in The Gabelli Global Small and Mid Cap Value Trust by 5.0% during the fourth quarter. 180 Wealth Advisors LLC now owns 91,693 shares of the company’s stock valued at $1,073,000 after acquiring an additional 4,407 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in The Gabelli Global Small and Mid Cap Value Trust in the fourth quarter worth about $968,000. Finally, Sanctuary Advisors LLC lifted its stake in shares of The Gabelli Global Small and Mid Cap Value Trust by 1.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 75,224 shares of the company’s stock worth $968,000 after acquiring an additional 1,213 shares during the last quarter.

About The Gabelli Global Small and Mid Cap Value Trust

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.