The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Short Interest Up 18.5% in March

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 6,400 shares, an increase of 18.5% from the March 15th total of 5,400 shares. Based on an average daily volume of 18,800 shares, the short-interest ratio is presently 0.3 days.

The Gabelli Global Small and Mid Cap Value Trust Price Performance

Shares of GGZ stock traded down $0.13 during trading hours on Monday, reaching $11.28. 12,071 shares of the stock were exchanged, compared to its average volume of 15,329. The Gabelli Global Small and Mid Cap Value Trust has a 12-month low of $10.50 and a 12-month high of $13.35. The company’s 50-day moving average price is $11.97 and its 200-day moving average price is $12.23.

The Gabelli Global Small and Mid Cap Value Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 17th were issued a dividend of $0.16 per share. The ex-dividend date was Monday, March 17th. This represents a $0.64 dividend on an annualized basis and a yield of 5.67%.

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

Institutional investors have recently made changes to their positions in the business. NBC Securities Inc. boosted its holdings in The Gabelli Global Small and Mid Cap Value Trust by 143,400.0% during the first quarter. NBC Securities Inc. now owns 2,870 shares of the company’s stock worth $34,000 after buying an additional 2,868 shares in the last quarter. Independent Advisor Alliance purchased a new stake in shares of The Gabelli Global Small and Mid Cap Value Trust in the 4th quarter valued at approximately $118,000. Comerica Bank grew its position in The Gabelli Global Small and Mid Cap Value Trust by 10.0% in the 4th quarter. Comerica Bank now owns 11,000 shares of the company’s stock valued at $129,000 after acquiring an additional 1,000 shares in the last quarter. WealthShield Partners LLC acquired a new position in shares of The Gabelli Global Small and Mid Cap Value Trust during the fourth quarter worth about $147,000. Finally, Private Advisor Group LLC raised its holdings in The Gabelli Global Small and Mid Cap Value Trust by 21.3% during the fourth quarter. Private Advisor Group LLC now owns 25,417 shares of the company’s stock worth $297,000 after purchasing an additional 4,466 shares in the last quarter.

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.