Royce Value Trust Inc. (NYSE:RVT) Short Interest Down 54.2% in April

Royce Value Trust Inc. (NYSE:RVT - Get Free Report) was the recipient of a large drop in short interest during the month of April. As of April 30th, there was short interest totalling 14,200 shares, a drop of 54.2% from the April 15th total of 31,000 shares. Based on an average trading volume of 215,800 shares, the days-to-cover ratio is presently 0.1 days.

Insider Activity

In related news, President Christopher D. Clark bought 3,300 shares of the business's stock in a transaction on Thursday, March 21st. The stock was acquired at an average price of $14.76 per share, with a total value of $48,708.00. Following the transaction, the president now owns 31,489 shares in the company, valued at approximately $464,777.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Royce Value Trust news, VP Francis D. Gannon acquired 2,000 shares of the company's stock in a transaction that occurred on Thursday, March 21st. The shares were bought at an average price of $14.76 per share, with a total value of $29,520.00. Following the completion of the acquisition, the vice president now owns 2,000 shares in the company, valued at approximately $29,520. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Christopher D. Clark bought 3,300 shares of Royce Value Trust stock in a transaction on Thursday, March 21st. The shares were acquired at an average cost of $14.76 per share, with a total value of $48,708.00. Following the completion of the acquisition, the president now owns 31,489 shares of the company's stock, valued at approximately $464,777.64. The disclosure for this purchase can be found here. Insiders own 0.06% of the company's stock.

Hedge Funds Weigh In On Royce Value Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quent Capital LLC bought a new position in shares of Royce Value Trust during the 1st quarter valued at about $38,000. ESL Trust Services LLC bought a new stake in Royce Value Trust in the 1st quarter worth approximately $39,000. Principal Securities Inc. purchased a new stake in shares of Royce Value Trust during the 4th quarter worth approximately $48,000. Salomon & Ludwin LLC bought a new stake in Royce Value Trust in the first quarter worth $50,000. Finally, Pingora Partners LLC bought a new position in Royce Value Trust during the fourth quarter valued at $54,000. Institutional investors own 25.57% of the company's stock.

Royce Value Trust Price Performance

NYSE RVT traded down $0.04 on Friday, hitting $14.85. 121,190 shares of the company traded hands, compared to its average volume of 177,320. The business's 50 day moving average price is $14.53 and its 200-day moving average price is $14.05. Royce Value Trust has a 52-week low of $11.85 and a 52-week high of $15.24.

Royce Value Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 11th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 7.27%. The ex-dividend date was Friday, March 8th.

About Royce Value Trust

Royce Value Trust Inc is a close ended equity mutual fund launched and managed by Royce & Associates, LLC. It invests in the public equity markets of the United States. The fund spreads its investments across diversified sectors. It invests in value oriented stocks of small cap and micro cap companies.