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

Key Points

• Short interest fell sharply to 39,407 shares as of September 15, down 58.2% from August 31; only about 0.0% of RVT shares were sold short.
• RVT shares traded at $17.19, within a 12-month range of $14.97 to $19.12, while remaining below their 50-day moving average of $18.24.
• The quarterly dividend increased to $0.33 per share from $0.31, representing an annualized payout of $1.32 and a 7.7% yield.

Royce Small-Cap Trust, Inc. (NYSE:RVT - Get Free Report) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 39,407 shares, a decrease of 58.2% from the August 31st total of 94,208 shares. Based on an average daily trading volume, of 183,934 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are sold short.

Royce Small-Cap Trust Price Performance

Shares of Royce Small-Cap Trust stock traded down $0.08 during trading hours on Monday, hitting $17.19. The company's stock had a trading volume of 239,836 shares, compared to its average volume of 290,601. The business has a 50 day moving average price of $18.24 and a two-hundred day moving average price of $17.97. Royce Small-Cap Trust has a 12-month low of $14.97 and a 12-month high of $19.12.

Royce Small-Cap Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Friday, September 11th will be paid a dividend of $0.33 per share. This is a boost from Royce Small-Cap Trust's previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.32 annualized dividend and a yield of 7.7%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in RVT. Western Wealth Management LLC purchased a new stake in Royce Small-Cap Trust during the 1st quarter valued at approximately $28,000. Fairway Wealth LLC purchased a new position in shares of Royce Small-Cap Trust in the first quarter worth $33,000. Integrated Wealth Concepts LLC purchased a new position in shares of Royce Small-Cap Trust in the second quarter worth $35,000. Private Wealth Asset Management LLC bought a new position in shares of Royce Small-Cap Trust during the fourth quarter worth $52,000. Finally, Assetmark Inc. boosted its position in shares of Royce Small-Cap Trust by 176.4% during the first quarter. Assetmark Inc. now owns 3,701 shares of the financial services provider's stock worth $61,000 after acquiring an additional 2,362 shares during the last quarter. 25.57% of the stock is owned by hedge funds and other institutional investors.

Royce Small-Cap Trust Company Profile

Royce Small-Cap Trust NYSE: RVT is a diversified, closed-end investment fund focused on long-term capital growth through investments in small-cap companies. The fund primarily invests in equity securities of U.S. small-cap businesses across a range of industries and sectors.

RVT is managed by Royce Investment Partners, an investment management firm specializing in small-cap and mid-cap equities. The portfolio generally emphasizes companies that the manager believes have attractive business characteristics, growth potential, financial strength, or favorable valuations.

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