Royce Small-Cap Trust, Inc. (NYSE:RVT) Short Interest Update

Key Points

• Short interest more than doubled to 29,674 shares as of August 14, up 101.5% from July 30, though it still represented 0.0% of shares outstanding and only 0.2 days to cover.
• Institutional ownership stands at 25.57%, with several firms increasing positions, including Brown Advisory, which raised its stake by 69.8%; Jane Street and Walleye Capital also initiated new positions.
• RVT shares fell 1.3% to $18.59, while the trust increased its quarterly dividend to $0.31 per share, implying a $1.24 annualized payout and a 6.7% yield.

Royce Small-Cap Trust, Inc. (NYSE:RVT - Get Free Report) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 29,674 shares, a growth of 101.5% from the July 30th total of 14,729 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 192,855 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. NewEdge Advisors LLC boosted its holdings in Royce Small-Cap Trust by 5.8% in the first quarter. NewEdge Advisors LLC now owns 53,335 shares of the financial services provider's stock valued at $759,000 after acquiring an additional 2,919 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Royce Small-Cap Trust during the 1st quarter worth approximately $186,000. Cetera Investment Advisers boosted its position in Royce Small-Cap Trust by 7.4% during the second quarter. Cetera Investment Advisers now owns 36,282 shares of the financial services provider's stock worth $546,000 after purchasing an additional 2,494 shares during the period. Walleye Capital LLC bought a new position in shares of Royce Small-Cap Trust during the second quarter worth approximately $775,000. Finally, Brown Advisory Inc. raised its stake in Royce Small-Cap Trust by 69.8% in the 2nd quarter. Brown Advisory Inc. now owns 24,801 shares of the financial services provider's stock worth $373,000 after purchasing an additional 10,193 shares in the last quarter. Institutional investors and hedge funds own 25.57% of the company's stock.

Royce Small-Cap Trust Trading Down 1.3%

Royce Small-Cap Trust stock traded down $0.24 on Friday, hitting $18.59. The company's stock had a trading volume of 145,492 shares, compared to its average volume of 187,784. The company has a fifty day moving average price of $18.38 and a 200-day moving average price of $18.02. Royce Small-Cap Trust has a one year low of $14.97 and a one year high of $19.12.

Royce Small-Cap Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Thursday, June 11th were paid a dividend of $0.31 per share. This is a positive change from Royce Small-Cap Trust's previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend was Thursday, June 11th.

About Royce Small-Cap Trust

Royce Small-Cap Trust NYSE: RVT is a closed-end management investment company that seeks to provide investors with long-term capital appreciation by investing primarily in the common stocks of small-capitalization companies. The trust is structured to trade on the New York Stock Exchange, offering shares that represent an undivided interest in a diversified portfolio of U.S. small-cap equities. As a closed-end vehicle, the fund may employ leverage to enhance returns and reinvest dividends to support growth over time.

The trust’s investment strategy is driven by fundamental, bottom-up research, focusing on companies with market capitalizations typically falling within the small-cap spectrum.

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