Royce Small-Cap Trust, Inc. (NYSE:RVT) Shares Shorted: Short Interest Down 83.4% in September

Key Points

• Short interest in Royce Small-Cap Trust fell 83.4% in September to 6,534 shares, representing approximately 0.0% of shares outstanding and a days-to-cover ratio of 0.0.
• Institutional investors and hedge funds own 25.57% of RVT, with several firms increasing their positions during the second quarter and new investors entering in the third quarter.
• RVT shares opened at $16.95, while the trust increased its quarterly dividend to $0.33 per share, implying an annualized payout of $1.32 and a 7.8% yield.

Royce Small-Cap Trust, Inc. (NYSE:RVT - Get Free Report) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 6,534 shares, a decrease of 83.4% from the September 15th total of 39,407 shares. Based on an average trading volume of 212,538 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Investors Weigh In On Royce Small-Cap Trust

Several large investors have recently made changes to their positions in RVT. Eastern Bank acquired a new stake in Royce Small-Cap Trust in the third quarter valued at $29,000. Concorde Asset Management LLC grew its position in shares of Royce Small-Cap Trust by 4.9% in the second quarter. Concorde Asset Management LLC now owns 54,600 shares of the financial services provider's stock valued at $1,008,000 after purchasing an additional 2,550 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in Royce Small-Cap Trust during the 2nd quarter worth $35,000. NewEdge Advisors LLC increased its position in Royce Small-Cap Trust by 46.8% during the second quarter. NewEdge Advisors LLC now owns 82,369 shares of the financial services provider's stock worth $1,521,000 after acquiring an additional 26,267 shares during the period. Finally, Cypress Capital Management LLC WY boosted its stake in shares of Royce Small-Cap Trust by 12.4% in the second quarter. Cypress Capital Management LLC WY now owns 243,763 shares of the financial services provider's stock valued at $4,502,000 after buying an additional 26,879 shares during the period. Institutional investors and hedge funds own 25.57% of the company's stock.

Royce Small-Cap Trust Stock Up 0.8%

Shares of NYSE RVT opened at $16.95 on Friday. The company has a 50-day moving average of $18.04 and a two-hundred day moving average of $17.98. Royce Small-Cap Trust has a 1-year low of $14.97 and a 1-year high of $19.12.

Royce Small-Cap Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Friday, September 11th were given a $0.33 dividend. This is a boost from Royce Small-Cap Trust's previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend was Friday, September 11th.

Royce Small-Cap Trust Company Profile

Royce Small-Cap Trust, Inc is a closed-end investment company listed on the New York Stock Exchange under the symbol RVT. The trust seeks long-term capital appreciation by investing primarily in equity securities of small-capitalization companies.

The trust's portfolio generally includes common stocks of U.S. companies across a range of industries. Its investment approach emphasizes fundamental research and the selection of smaller businesses that Royce Investment Partners, the trust's investment adviser, believes offer attractive long-term growth potential and strong business characteristics.

Founded in 1986, Royce Small-Cap Trust is managed as part of Royce Investment Partners' small-cap investment platform.

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