Royce Small-Cap Trust, Inc. (NYSE:RVT) Short Interest Up 597.0% in September

Key Points

• The short interest for Royce Small-Cap Trust, Inc. (NYSE:RVT) surged by 597.0% in September, rising to 160,300 shares from 23,000 shares at the end of August.
• The company recently declared a quarterly dividend of $0.29 per share, resulting in an annualized yield of 7.2%.
• Several institutional investors have increased their positions in Royce Small-Cap Trust, contributing to a total ownership of 25.57% of the company's stock.

Royce Small-Cap Trust, Inc. (NYSE:RVT - ) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 160,300 shares, a growth of 597.0% from the August 31st total of 23,000 shares. Based on an average daily trading volume, of 287,400 shares, the short-interest ratio is presently 0.6 days. Based on an average daily trading volume, of 287,400 shares, the short-interest ratio is presently 0.6 days.

Institutional Investors Weigh In On Royce Small-Cap Trust

A number of large investors have recently added to or reduced their stakes in the company. Barrett & Company Inc. raised its position in Royce Small-Cap Trust by 5.5% during the second quarter. Barrett & Company Inc. now owns 14,470 shares of the financial services provider's stock valued at $218,000 after purchasing an additional 758 shares in the last quarter. HBK Sorce Advisory LLC raised its position in Royce Small-Cap Trust by 5.1% during the first quarter. HBK Sorce Advisory LLC now owns 18,896 shares of the financial services provider's stock valued at $269,000 after purchasing an additional 918 shares in the last quarter. SouthState Corp raised its position in Royce Small-Cap Trust by 5.3% during the first quarter. SouthState Corp now owns 19,972 shares of the financial services provider's stock valued at $284,000 after purchasing an additional 1,000 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its holdings in shares of Royce Small-Cap Trust by 2.2% in the first quarter. Nations Financial Group Inc. IA ADV now owns 50,580 shares of the financial services provider's stock worth $720,000 after buying an additional 1,083 shares during the period. Finally, PKS Advisory Services LLC increased its holdings in shares of Royce Small-Cap Trust by 6.1% in the first quarter. PKS Advisory Services LLC now owns 20,532 shares of the financial services provider's stock worth $290,000 after buying an additional 1,188 shares during the period. Hedge funds and other institutional investors own 25.57% of the company's stock.

Royce Small-Cap Trust Trading Up 0.4%

Shares of RVT stock traded up $0.07 on Wednesday, reaching $16.20. The company's stock had a trading volume of 128,189 shares, compared to its average volume of 275,953. The stock's 50 day simple moving average is $15.83 and its 200-day simple moving average is $14.97. Royce Small-Cap Trust has a 12-month low of $12.12 and a 12-month high of $16.93.

Royce Small-Cap Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Friday, September 12th were given a dividend of $0.29 per share. The ex-dividend date was Friday, September 12th. This represents a $1.16 dividend on an annualized basis and a yield of 7.2%.

About Royce Small-Cap 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.

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