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

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) saw a significant growth in short interest in April. As of April 15th, there was short interest totalling 5,100 shares, a growth of 104.0% from the March 31st total of 2,500 shares. Based on an average daily volume of 12,800 shares, the days-to-cover ratio is currently 0.4 days.

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

Hedge funds have recently bought and sold shares of the business. Shaker Financial Services LLC acquired a new position in shares of The Gabelli Global Small and Mid Cap Value Trust during the third quarter valued at approximately $474,000. Private Management Group Inc. raised its holdings in shares of The Gabelli Global Small and Mid Cap Value Trust by 12.2% during the third quarter. Private Management Group Inc. now owns 294,991 shares of the company’s stock valued at $3,056,000 after acquiring an additional 32,139 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of The Gabelli Global Small and Mid Cap Value Trust during the fourth quarter valued at approximately $294,000. Cornerstone Advisors LLC raised its holdings in shares of 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 valued at $451,000 after acquiring an additional 17,642 shares during the last quarter. Finally, AQR Arbitrage LLC acquired a new position in shares of The Gabelli Global Small and Mid Cap Value Trust during the third quarter valued at approximately $116,000.

The Gabelli Global Small and Mid Cap Value Trust Stock Performance

GGZ stock traded up $0.05 during mid-day trading on Friday, reaching $11.39. 7,212 shares of the company’s stock were exchanged, compared to its average volume of 11,766. The stock’s 50 day moving average is $11.63 and its 200 day moving average is $11.20. 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 Gabelli Global Small and Mid Cap Value Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 14th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.64 dividend on an annualized basis and a yield of 5.62%.

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.