The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Short Interest Up 113.0% in November

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) was the target of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 4,900 shares, an increase of 113.0% from the October 31st total of 2,300 shares. Based on an average trading volume of 11,800 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Sanctuary Advisors LLC acquired a new position in The Gabelli Global Small and Mid Cap Value Trust during the second quarter worth about $843,000. International Assets Investment Management LLC increased its stake in shares of The Gabelli Global Small and Mid Cap Value Trust by 1,141.0% during the 3rd 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 in the last quarter. Private Advisor Group LLC acquired a new position in shares of The Gabelli Global Small and Mid Cap Value Trust during the 3rd quarter worth approximately $260,000. Wolverine Asset Management LLC raised its position in shares of The Gabelli Global Small and Mid Cap Value Trust by 299.7% during the 3rd 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. Finally, Cornerstone Advisors LLC lifted its stake in The Gabelli Global Small and Mid Cap Value Trust by 32.3% in the 2nd quarter. Cornerstone Advisors LLC now owns 45,893 shares of the company’s stock valued at $518,000 after buying an additional 11,207 shares in the last quarter.

The Gabelli Global Small and Mid Cap Value Trust Stock Performance

NYSE GGZ traded up $0.04 during mid-day trading on Thursday, hitting $12.99. The stock had a trading volume of 4,980 shares, compared to its average volume of 12,448. The company has a 50 day simple moving average of $12.41 and a 200 day simple moving average of $11.95. The Gabelli Global Small and Mid Cap Value Trust has a 52-week low of $10.69 and a 52-week high of $13.12.

The Gabelli Global Small and Mid Cap Value Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 13th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date is Friday, December 13th.

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.