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

Key Points

• Royce Small-Cap Trust saw a significant decrease in short interest, dropping 37.6% from 160,300 shares to 100,000 shares as of September 30th.
• Several institutional investors have recently acquired new stakes in Royce Small-Cap Trust, bringing their total ownership to 25.57% of the company.
• The company announced a quarterly dividend of $0.29 per share, which represents an annualized yield of 7.3%.

Royce Small-Cap Trust, Inc. (NYSE:RVT - ) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 100,000 shares, a drop of 37.6% from the September 15th total of 160,300 shares. Based on an average daily volume of 280,100 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 280,100 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On Royce Small-Cap Trust

Hedge funds and other institutional investors have recently made changes to their positions in the company. CWM LLC purchased a new position in shares of Royce Small-Cap Trust during the 2nd quarter valued at approximately $25,000. Newbridge Financial Services Group Inc. acquired a new stake in Royce Small-Cap Trust during the second quarter valued at $28,000. Coastline Trust Co acquired a new stake in Royce Small-Cap Trust during the third quarter valued at $48,000. Sound Income Strategies LLC purchased a new position in Royce Small-Cap Trust in the third quarter valued at $51,000. Finally, Colonial Trust Advisors acquired a new position in shares of Royce Small-Cap Trust in the second quarter worth about $53,000. Institutional investors and hedge funds own 25.57% of the company's stock.

Royce Small-Cap Trust Stock Performance

Shares of RVT stock traded down $0.18 on Wednesday, hitting $15.89. The company had a trading volume of 236,365 shares, compared to its average volume of 239,034. Royce Small-Cap Trust has a twelve month low of $12.12 and a twelve month high of $16.93. The company has a 50-day moving average price of $16.07 and a 200-day moving average price of $15.16.

Royce Small-Cap Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Friday, September 12th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 7.3%. The ex-dividend date was Friday, September 12th.

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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