Royce Small-Cap Trust, Inc. (NYSE:RVT) Short Interest Down 93.9% in July

Key Points

• Short interest plunged 93.9% in July, falling from 239,578 shares on July 15 to 14,729 shares on July 31—equivalent to 0.0% of shares outstanding and 0.0 days to cover.
• Institutional ownership stands at 25.57%, with several firms initiating positions and Assetmark increasing its stake by 176.4% during the first half of the year.
• RVT shares rose 0.3% to $18.79, near the 12-month high of $18.88, while the trust increased its quarterly dividend to $0.31, implying an annualized yield of approximately 6.6%.

Royce Small-Cap Trust, Inc. (NYSE:RVT - Get Free Report) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 14,729 shares, a drop of 93.9% from the July 15th total of 239,578 shares. Based on an average daily trading volume, of 397,140 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Hedge Funds Weigh In On Royce Small-Cap Trust

Several institutional investors and hedge funds have recently bought and sold shares of the company. Western Wealth Management LLC bought a new stake in shares of Royce Small-Cap Trust in the first quarter valued at $28,000. Newbridge Financial Services Group Inc. purchased a new stake in Royce Small-Cap Trust in the 2nd quarter worth about $28,000. Fairway Wealth LLC purchased a new stake in Royce Small-Cap Trust in the 1st quarter worth about $33,000. Private Wealth Asset Management LLC bought a new stake in Royce Small-Cap Trust in the 4th quarter valued at about $52,000. Finally, Assetmark Inc. raised its stake in Royce Small-Cap Trust by 176.4% in the 1st quarter. Assetmark Inc. now owns 3,701 shares of the financial services provider's stock valued at $61,000 after acquiring an additional 2,362 shares during the period. 25.57% of the stock is owned by institutional investors.

Royce Small-Cap Trust Stock Up 0.3%

RVT traded up $0.06 during midday trading on Tuesday, reaching $18.79. The company had a trading volume of 150,706 shares, compared to its average volume of 336,560. Royce Small-Cap Trust has a 12-month low of $14.97 and a 12-month high of $18.88. The business has a 50-day moving average price of $18.15 and a two-hundred day moving average price of $17.91.

Royce Small-Cap Trust Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Thursday, June 11th were issued a $0.31 dividend. This is a boost from Royce Small-Cap Trust's previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 6.6%.

Royce Small-Cap Trust Company Profile

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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