Voicing of Diminished 7

Drop 2 III

Back to Cdim7

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Left hand
C3
Right hand
C4Gb4Bbb4Eb5
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Drop 2

The Drop 2 III voicing of Cdim7 stacks C, Gb, Bbb and Eb from the bottom up: the root, flat 5th, diminished 7th and minor 3rd of the chord.

It's one of the Drop 2 voicings: four-note chords in close position with the second note from the top dropped an octave, played over the root. The others for Cdim7 are Drop 2 I, Drop 2 II and Drop 2 IV.