Royce Small-Cap Trust, Inc. (NYSE:RVT - Get Free Report) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 39,100 shares, agrowthof99.5% from the July 15th total of 19,600 shares. Based on an average daily trading volume, of 272,600 shares, the days-to-cover ratio is presently 0.1 days. Approximately0.0% of the shares of the company are short sold. Approximately0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 272,600 shares, the days-to-cover ratio is presently 0.1 days.
Insiders Place Their Bets
In other Royce Small-Cap Trust news, insider Charles M. Royce sold 21,735 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $14.96, for a total value of $325,155.60. Following the completion of the sale, the insider directly owned 86,938 shares in the company, valued at $1,300,592.48. This represents a 20.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.06% of the stock is owned by company insiders.
Institutional Investors Weigh In On Royce Small-Cap Trust
A number of institutional investors have recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. acquired a new stake in Royce Small-Cap Trust in the second quarter worth approximately $28,000. Captrust Financial Advisors lifted its position in Royce Small-Cap Trust by 3.0% in the second quarter. Captrust Financial Advisors now owns 270,822 shares of the financial services provider's stock worth $4,076,000 after purchasing an additional 7,997 shares during the period. Balyasny Asset Management L.P. acquired a new stake in Royce Small-Cap Trust in the second quarter worth approximately $1,173,000. Bank of America Corp DE lifted its position in shares of Royce Small-Cap Trust by 0.9% during the 2nd quarter. Bank of America Corp DE now owns 6,293,535 shares of the financial services provider's stock valued at $94,718,000 after acquiring an additional 54,485 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in shares of Royce Small-Cap Trust by 295.2% during the 2nd quarter. Jane Street Group LLC now owns 51,579 shares of the financial services provider's stock valued at $776,000 after acquiring an additional 38,527 shares during the last quarter. 25.57% of the stock is currently owned by institutional investors and hedge funds.
Royce Small-Cap Trust Stock Performance
RVT traded up $0.44 during trading on Friday, reaching $15.92. The stock had a trading volume of 458,907 shares, compared to its average volume of 305,658. Royce Small-Cap Trust has a 1-year low of $12.12 and a 1-year high of $16.93. The stock has a 50 day moving average of $15.27 and a two-hundred day moving average of $14.83.
Royce Small-Cap Trust Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Shareholders of record on Thursday, June 12th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date was Thursday, June 12th.
Royce Small-Cap Trust Company Profile
(
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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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