The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Short Interest Up 366.7% in March

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 5,600 shares, an increase of 366.7% from the February 29th total of 1,200 shares. Based on an average daily volume of 13,100 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GGZ. Private Management Group Inc. lifted its position in The Gabelli Global Small and Mid Cap Value Trust by 12.2% in the 3rd quarter. Private Management Group Inc. now owns 294,991 shares of the company’s stock valued at $3,056,000 after purchasing an additional 32,139 shares during the last quarter. Silverlake Wealth Management LLC lifted its position in The Gabelli Global Small and Mid Cap Value Trust by 27.4% in the 3rd quarter. Silverlake Wealth Management LLC now owns 33,553 shares of the company’s stock valued at $348,000 after purchasing an additional 7,212 shares during the last quarter. Shaker Financial Services LLC bought a new stake in The Gabelli Global Small and Mid Cap Value Trust in the 3rd quarter valued at about $474,000. AQR Arbitrage LLC bought a new stake in The Gabelli Global Small and Mid Cap Value Trust in the 3rd quarter valued at about $116,000. Finally, 180 Wealth Advisors LLC increased its stake in The Gabelli Global Small and Mid Cap Value Trust by 8.2% during the 3rd quarter. 180 Wealth Advisors LLC now owns 52,174 shares of the company’s stock valued at $541,000 after buying an additional 3,964 shares during the period.

The Gabelli Global Small and Mid Cap Value Trust Trading Up 0.7 %

NYSE GGZ opened at $11.93 on Thursday. 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 company’s fifty day moving average price is $11.64 and its two-hundred day moving average price is $11.05.

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. Stockholders of record on Thursday, March 14th were given a $0.16 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.36%.

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.