The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ – Get Free Report) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 2,781 shares, a decline of 40.4% from the June 30th total of 4,663 shares. Based on an average daily trading volume, of 6,542 shares, the days-to-cover ratio is currently 0.4 days.
The Gabelli Global Small and Mid Cap Value Trust Price Performance
Shares of GGZ traded up $0.12 during mid-day trading on Thursday, hitting $16.14. The company had a trading volume of 1,226 shares, compared to its average volume of 7,887. The business’s 50-day simple moving average is $15.98 and its 200-day simple moving average is $15.86. The Gabelli Global Small and Mid Cap Value Trust has a 1-year low of $13.30 and a 1-year high of $16.80.
The Gabelli Global Small and Mid Cap Value Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Monday, June 15th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $0.84 annualized dividend and a dividend yield of 5.2%.
Institutional Inflows and Outflows
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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