Short Interest in The Gabelli Global Small and Mid Cap Value Trust (NYSE:GGZ) Decreases By 65.9%

( saw a substantial drop in short-interest in April. On April 30, there were 1,400 short shares. This is a 65.9% drop from the total of 4,100 on April 15. The short-interest rate is currently 0.1 day based on a daily average volume of 10,800 share.

Institutional investors weigh in on the Gabelli Global Small and Mid Cap Value Trust

Recently, several hedge funds increased or decreased their stakes. Private Management Group Inc. increased its stake in The Gabelli Global Small and Mid Cap Value Trust shares by 2.0% during the first quarter. Private Management Group Inc. owns 257,804 of the company’s stock, valued at $3,000,000, after buying 4,996 additional shares in the last quarter. Raymond James & Associates increased its holdings in The Gabelli Global Small and Mid Cap Value Trust during the first quarter by 29.4%. Raymond James & Associates owns 110 210 shares worth $1,283,000, after acquiring 25,058 additional shares. Silverlake Wealth Management LLC increased its stake in The Gabelli Global Small and Mid Cap Value Trust shares by 11.5% during 1st Quarter. Silverlake Wealth Management LLC owns 30,534 of the company stock, valued at $356,000. This is after purchasing an additional 3,150 share during the last quarter. 180 Wealth Advisors LLC has increased its holdings in The Gabelli Global Small & Mid Cap Value Trust shares by 6.5% during the first quarter. 180 Wealth Advisors LLC owns now 44,628 of the company stock valued at $520,000. This is after buying an additional 2,707 in the last quarter. Morgan Stanley also increased its holdings in The Gabelli Global Small and Mid Cap Value Trust during the fourth quarter by 21.8%. On Thursday, the stock fell $0.10 to $11.30. The company's shares were traded at 17,975 compared to the average of 10,905. Gabelli Global Small and Mid Cap Value Trust's 52-week low is $9.47 and its 52-week high is $13.02. The company's moving average for the past 50 days is $11.51, and its moving average over the last two hundred days is $11.66.

A quarterly dividend was also announced by the firm and paid out on Friday, 24th March. Dividends were paid to shareholders who had their shares in the company's records on Friday, 17th March. The ex-dividend day was Thursday, 16th March. This is a $0.64 dividend with a dividend yield 5.66%.

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Gabelli Global Small & Mid Cap Value Trust (Gabelli Global Small & Mid Cap Value Trust) is a closed management investment trust. The investment objective of the trust is to achieve long-term capital growth. The company was established on August 19, 2013, and has its headquarters in Rye, NY.

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