Gabelli Multimedia Trust Inc. (NYSE:GGT) Sees Large Decrease in Short Interest

18 May 2026, 21:36 by Amy Steele · The Cerbat Gem

Gabelli Multimedia Trust Inc. (NYSE:GGT – Get Free Report) was the recipient of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 54,702 shares, a drop of 38.2% from the April 15th total of 88,496 shares. Based on an average daily volume of 219,561 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the company’s shares are sold short.

Insider Activity at Gabelli Multimedia Trust

In related news, insider Mario J. Gabelli bought 25,000 shares of the company’s stock in a transaction dated Tuesday, February 24th. The stock was purchased at an average cost of $4.06 per share, with a total value of $101,500.00. Following the transaction, the insider owned 1,158,396 shares in the company, valued at approximately $4,703,087.76. This trade represents a 2.21% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 8.00% of the company’s stock.

Hedge Funds Weigh In On Gabelli Multimedia Trust

Institutional investors and hedge funds have recently made changes to their positions in the business. Kestra Advisory Services LLC increased its stake in Gabelli Multimedia Trust by 84.1% during the 4th quarter. Kestra Advisory Services LLC now owns 603,991 shares of the financial services provider’s stock valued at $2,537,000 after purchasing an additional 275,955 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in Gabelli Multimedia Trust during the 2nd quarter valued at about $537,000. PMG Family Office LLC bought a new stake in Gabelli Multimedia Trust during the 3rd quarter valued at about $301,000. Gamco Investors INC. ET AL increased its stake in Gabelli Multimedia Trust by 4.3% during the 4th quarter. Gamco Investors INC. ET AL now owns 1,250,447 shares of the financial services provider’s stock valued at $5,252,000 after purchasing an additional 51,500 shares in the last quarter. Finally, Kovack Advisors Inc. bought a new stake in Gabelli Multimedia Trust during the 4th quarter valued at about $117,000. Institutional investors own 10.63% of the company’s stock.

Gabelli Multimedia Trust Trading Up 0.7%

NYSE:GGT traded up $0.03 during mid-day trading on Monday, hitting $4.18. 249,717 shares of the company’s stock were exchanged, compared to its average volume of 290,064. Gabelli Multimedia Trust has a one year low of $3.75 and a one year high of $4.39. The business has a fifty day moving average price of $4.11 and a 200 day moving average price of $4.13.

Gabelli Multimedia Trust Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th will be paid a dividend of $0.08 per share. This is a positive change from Gabelli Multimedia Trust’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a dividend yield of 23.0%. The ex-dividend date of this dividend is Wednesday, September 16th.

Gabelli Multimedia Trust Company Profile

(Get Free Report)

Gabelli Multimedia Trust Inc (NYSE: GGT) is a closed-end management investment company that seeks long-term capital appreciation by investing primarily in the common stocks of companies engaged in the multimedia and communications sectors. The trust’s portfolio is concentrated in industries such as cable and satellite television, wireless and wireline telecommunications, radio and broadcasting, print and digital publishing, and internet services. Through selective security selection, Gabelli Multimedia Trust aims to capture growth opportunities driven by evolving content delivery platforms and technological innovation.