The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Short Interest Up 104.0% in April

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) was the target of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 5,100 shares, an increase of 104.0% from the March 31st total of 2,500 shares. Based on an average daily volume of 12,800 shares, the days-to-cover ratio is presently 0.4 days.

The Gabelli Global Small and Mid Cap Value Trust Price Performance

Shares of The Gabelli Global Small and Mid Cap Value Trust stock traded up $0.05 during mid-day trading on Friday, hitting $11.39. 7,212 shares of the stock were exchanged, compared to its average volume of 11,766. 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 has a 50-day simple moving average of $11.63 and a 200 day simple moving average of $11.20.

The Gabelli Global Small and Mid Cap Value Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 14th were issued a dividend of $0.16 per share. The ex-dividend date was Wednesday, March 13th. This represents a $0.64 dividend on an annualized basis and a yield of 5.62%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of GGZ. Silverlake Wealth Management LLC boosted its stake in The Gabelli Global Small and Mid Cap Value Trust by 2.6% in the first quarter. Silverlake Wealth Management LLC now owns 35,222 shares of the company’s stock valued at $423,000 after acquiring an additional 903 shares during the last quarter. Blue Bell Private Wealth Management LLC raised its holdings in shares of The Gabelli Global Small and Mid Cap Value Trust by 1.5% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 76,065 shares of the company’s stock worth $788,000 after purchasing an additional 1,140 shares during the period. Private Management Group Inc. lifted its stake in The Gabelli Global Small and Mid Cap Value Trust by 0.5% in the fourth quarter. Private Management Group Inc. now owns 296,558 shares of the company’s stock valued at $3,479,000 after purchasing an additional 1,567 shares during the last quarter. NBC Securities Inc. bought a new position in The Gabelli Global Small and Mid Cap Value Trust during the third quarter valued at $30,000. Finally, 180 Wealth Advisors LLC increased its position in The Gabelli Global Small and Mid Cap Value Trust by 8.2% in the third quarter. 180 Wealth Advisors LLC now owns 52,174 shares of the company’s stock worth $541,000 after buying an additional 3,964 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.