The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Short Interest Down 88.9% in February

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) was the target of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 400 shares, a drop of 88.9% from the January 31st total of 3,600 shares. Based on an average daily trading volume, of 19,300 shares, the days-to-cover ratio is currently 0.0 days.

The Gabelli Global Small and Mid Cap Value Trust Price Performance

NYSE:GGZ traded up $0.16 during trading hours on Friday, hitting $12.41. 7,298 shares of the company’s stock traded hands, compared to its average volume of 18,692. The Gabelli Global Small and Mid Cap Value Trust has a 52 week low of $11.02 and a 52 week high of $13.35. The business’s fifty day simple moving average is $12.15 and its two-hundred day simple moving average is $12.28.

The Gabelli Global Small and Mid Cap Value Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 17th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 5.16%. The ex-dividend date of this dividend is Monday, March 17th.

Insiders Place Their Bets

In related news, insider Mario J. Gabelli purchased 6,300 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was purchased at an average cost of $11.66 per share, with a total value of $73,458.00. Following the completion of the acquisition, the insider now directly owns 45,586 shares of the company’s stock, valued at approximately $531,532.76. The trade was a 16.04 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

Institutional Investors Weigh In On The Gabelli Global Small and Mid Cap Value Trust

Hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its stake in The Gabelli Global Small and Mid Cap Value Trust by 1,141.0% during the third quarter. International Assets Investment Management LLC now owns 26,495 shares of the company’s stock worth $329,000 after purchasing an additional 24,360 shares during the last quarter. Private Advisor Group LLC bought a new stake in The Gabelli Global Small and Mid Cap Value Trust during the third quarter worth about $260,000. Wolverine Asset Management LLC lifted its stake in The Gabelli Global Small and Mid Cap Value Trust by 8.9% during the fourth quarter. Wolverine Asset Management LLC now owns 29,283 shares of the company’s stock worth $343,000 after purchasing an additional 2,399 shares during the last quarter. WealthShield Partners LLC bought a new stake in The Gabelli Global Small and Mid Cap Value Trust during the fourth quarter worth about $147,000. Finally, Sanctuary Advisors LLC lifted its stake in The Gabelli Global Small and Mid Cap Value Trust by 1.6% during the third quarter. Sanctuary Advisors LLC now owns 75,224 shares of the company’s stock worth $968,000 after purchasing an additional 1,213 shares during the last quarter.

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.