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 large 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 presently 0.0 days.

Insider Activity at The Gabelli Global Small and Mid Cap Value Trust

In related news, insider Mario J. Gabelli purchased 7,700 shares of the stock in a transaction on Friday, January 10th. The shares were purchased at an average price of $11.67 per share, with a total value of $89,859.00. Following the transaction, the insider now directly owns 39,286 shares of the company’s stock, valued at $458,467.62. This trade represents a 24.38 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

A number of institutional investors have recently modified their holdings of GGZ. Private Advisor Group LLC acquired a new position in The Gabelli Global Small and Mid Cap Value Trust in the 3rd quarter worth about $260,000. International Assets Investment Management LLC raised its stake in shares of The Gabelli Global Small and Mid Cap Value Trust by 1,141.0% in 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. Wolverine Asset Management LLC raised its stake in shares of The Gabelli Global Small and Mid Cap Value Trust by 299.7% in the third quarter. Wolverine Asset Management LLC now owns 26,884 shares of the company’s stock worth $334,000 after purchasing an additional 20,158 shares during the last quarter. Sanctuary Advisors LLC raised its stake in shares of The Gabelli Global Small and Mid Cap Value Trust by 1.6% in 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. Finally, 180 Wealth Advisors LLC raised its stake in shares of The Gabelli Global Small and Mid Cap Value Trust by 5.0% in the fourth quarter. 180 Wealth Advisors LLC now owns 91,693 shares of the company’s stock worth $1,073,000 after purchasing an additional 4,407 shares during the last quarter.

The Gabelli Global Small and Mid Cap Value Trust Stock Performance

Shares of NYSE GGZ traded up $0.16 during midday trading on Friday, hitting $12.41. 7,298 shares of the company’s stock were exchanged, compared to its average volume of 18,692. The company’s 50 day moving average price is $12.15 and its 200 day moving average price is $12.28. The Gabelli Global Small and Mid Cap Value Trust has a 12 month low of $11.02 and a 12 month high of $13.35.

The Gabelli Global Small and Mid Cap Value Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 17th will be given a dividend of $0.16 per share. The ex-dividend date is Monday, March 17th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.16%.

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.