The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Short Interest Down 81.6% in January

The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totalling 700 shares, a drop of 81.6% from the December 31st total of 3,800 shares. Based on an average daily trading volume, of 17,900 shares, the days-to-cover ratio is presently 0.0 days.

Insider Buying and Selling

In other news, insider Mario J. Gabelli bought 6,300 shares of the company’s stock in a transaction dated Monday, January 13th. The stock was bought at an average price of $11.66 per share, for a total transaction of $73,458.00. Following the completion of the transaction, the insider now directly owns 45,586 shares in the company, valued at $531,532.76. The trade was a 16.04 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

A number of large investors have recently added to or reduced their stakes in GGZ. Sanctuary Advisors LLC bought a new position in The Gabelli Global Small and Mid Cap Value Trust during the 2nd quarter valued at about $843,000. Private Advisor Group LLC purchased a new position in The Gabelli Global Small and Mid Cap Value Trust during the third quarter valued at $260,000. International Assets Investment Management LLC grew its holdings 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 valued at $329,000 after purchasing an additional 24,360 shares during the period. 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 buying an additional 20,158 shares during the period. Finally, 180 Wealth Advisors LLC lifted its position in shares of The Gabelli Global Small and Mid Cap Value Trust by 5.0% during the 4th quarter. 180 Wealth Advisors LLC now owns 91,693 shares of the company’s stock valued at $1,073,000 after buying an additional 4,407 shares in the last quarter.

The Gabelli Global Small and Mid Cap Value Trust Price Performance

NYSE:GGZ remained flat at $12.27 during mid-day trading on Tuesday. 14,994 shares of the company traded hands, compared to its average volume of 26,758. The stock’s fifty day moving average is $12.36 and its 200 day moving average is $12.19. The Gabelli Global Small and Mid Cap Value Trust has a twelve month low of $11.02 and a twelve month high of $13.35.

The Gabelli Global Small and Mid Cap Value Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 13th were issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.22%. The ex-dividend date of this dividend was 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.