Short Interest in The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Grows By 74.2%

by · The Markets Daily

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ – Get Free Report) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 1,507 shares, a growth of 74.2% from the August 15th total of 865 shares. Based on an average trading volume of 7,961 shares, the short-interest ratio is currently 0.2 days.

The Gabelli Global Small and Mid Cap Value Trust Stock Down 3.1%

NYSE:GGZ traded down $0.49 during trading hours on Wednesday, hitting $15.55. The stock had a trading volume of 4,033 shares, compared to its average volume of 7,646. The business’s 50 day moving average is $16.32 and its 200-day moving average is $15.97. The Gabelli Global Small and Mid Cap Value Trust has a one year low of $13.35 and a one year high of $17.08.

The Gabelli Global Small and Mid Cap Value Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 16th will be given a $0.21 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.4%.

Institutional Trading of The Gabelli Global Small and Mid Cap Value Trust

Several hedge funds have recently added to or reduced their stakes in GGZ. Capstone Investment Advisors LLC acquired a new position in The Gabelli Global Small and Mid Cap Value Trust in the second quarter valued at about $1,126,000. Bank of America Corp DE acquired a new stake in shares of The Gabelli Global Small and Mid Cap Value Trust during the second quarter worth about $1,407,000. Evolve Private Wealth LLC bought a new position in shares of The Gabelli Global Small and Mid Cap Value Trust during the 2nd quarter valued at about $1,075,000. Beckerman Institutional LLC bought a new position in shares of The Gabelli Global Small and Mid Cap Value Trust during the 2nd quarter valued at about $933,000. Finally, 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 approximately $244,000.

About The Gabelli Global Small and Mid Cap Value Trust

(Get Free Report)

The Gabelli Global Small and Mid Cap Value Trust (NYSE: GGZ) is a closed-end management investment company that seeks long-term capital appreciation by investing primarily in the equity securities of small- and mid-capitalization companies around the world. By focusing on businesses that are typically underfollowed or underrepresented by the broader market, the Trust aims to capture value opportunities in developed and emerging markets alike. Its portfolio is diversified across sectors, with an emphasis on companies whose shares appear undervalued relative to their intrinsic business prospects.

Adopting a value-oriented, bottom-up investment approach, the Trust’s management team conducts in-depth fundamental research to identify global small and mid cap companies with strong balance sheets, proven business models and potential for above-average earnings growth.

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