Short Interest in The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Expands By 330.0%

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totalling 4,300 shares, a growth of 330.0% from the June 15th total of 1,000 shares. Based on an average trading volume of 12,100 shares, the days-to-cover ratio is presently 0.4 days.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Private Management Group Inc. increased its position in The Gabelli Global Small and Mid Cap Value Trust by 0.7% during the first quarter. Private Management Group Inc. now owns 298,542 shares of the company’s stock worth $3,588,000 after acquiring an additional 1,984 shares during the period. Stephens Inc. AR increased its position in The Gabelli Global Small and Mid Cap Value Trust by 6.7% during the fourth quarter. Stephens Inc. AR now owns 79,270 shares of the company’s stock worth $930,000 after acquiring an additional 4,966 shares during the period. Blue Bell Private Wealth Management LLC increased its position in The Gabelli Global Small and Mid Cap Value Trust by 2.8% during the first quarter. Blue Bell Private Wealth Management LLC now owns 75,336 shares of the company’s stock worth $906,000 after acquiring an additional 2,077 shares during the period. 180 Wealth Advisors LLC increased its position in The Gabelli Global Small and Mid Cap Value Trust by 18.8% during the first quarter. 180 Wealth Advisors LLC now owns 69,699 shares of the company’s stock worth $838,000 after acquiring an additional 11,016 shares during the period. Finally, Cornerstone Advisors LLC increased its position in The Gabelli Global Small and Mid Cap Value Trust by 84.7% during the fourth quarter. Cornerstone Advisors LLC now owns 38,471 shares of the company’s stock worth $451,000 after acquiring an additional 17,642 shares during the period.

The Gabelli Global Small and Mid Cap Value Trust Trading Up 2.3 %

GGZ stock traded up $0.26 on Thursday, reaching $11.64. 40,043 shares of the company were exchanged, compared to its average volume of 12,239. The Gabelli Global Small and Mid Cap Value Trust has a 12 month low of $9.43 and a 12 month high of $12.50. The stock’s fifty day moving average price is $11.55 and its 200 day moving average price is $11.58.

The Gabelli Global Small and Mid Cap Value Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Thursday, June 13th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 5.50%. The ex-dividend date was Thursday, June 13th.

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.