The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ – Get Free Report) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,507 shares, an increase of 74.2% from the August 15th total of 865 shares. Based on an average daily volume of 7,961 shares, the short-interest ratio is presently 0.2 days.
The Gabelli Global Small and Mid Cap Value Trust Stock Performance
The Gabelli Global Small and Mid Cap Value Trust stock opened at $15.52 on Friday. The stock’s 50 day moving average price is $16.30 and its 200 day moving average price is $15.96. The Gabelli Global Small and Mid Cap Value Trust has a 1-year low of $13.35 and a 1-year high of $17.08.
The Gabelli Global Small and Mid Cap Value Trust Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 16th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date is Wednesday, September 16th.
Institutional Trading of The Gabelli Global Small and Mid Cap Value Trust
About The Gabelli Global Small and Mid Cap Value Trust
The Gabelli Global Small and Mid Cap Value Trust (NYSE: GGZ) is a closed-end management investment company that seeks long-term capital appreciation by investing primarily in the equity securities of small- and mid-capitalization companies around the world. By focusing on businesses that are typically underfollowed or underrepresented by the broader market, the Trust aims to capture value opportunities in developed and emerging markets alike. Its portfolio is diversified across sectors, with an emphasis on companies whose shares appear undervalued relative to their intrinsic business prospects.
Adopting a value-oriented, bottom-up investment approach, the Trust’s management team conducts in-depth fundamental research to identify global small and mid cap companies with strong balance sheets, proven business models and potential for above-average earnings growth.
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