Royce Value Trust Inc. (NYSE:RVT) Short Interest Update

Royce Value Trust Inc. (NYSE:RVT - Get Free Report) was the target of a large decrease in short interest in the month of May. As of May 15th, there was short interest totalling 54,500 shares, a decrease of 27.4% from the April 30th total of 75,100 shares. Based on an average daily volume of 301,900 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

Royce Value Trust Stock Down 0.0%

Shares of Royce Value Trust stock traded down $0.00 on Thursday, reaching $14.88. 193,769 shares of the company were exchanged, compared to its average volume of 259,468. The company's 50-day moving average is $14.11 and its two-hundred day moving average is $15.19. Royce Value Trust has a 1-year low of $12.12 and a 1-year high of $16.93.

Royce Value Trust Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Stockholders of record on Thursday, June 12th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 7.80%. The ex-dividend date of this dividend is Thursday, June 12th.

Institutional Trading of Royce Value Trust

A number of institutional investors and hedge funds have recently made changes to their positions in RVT. Vermillion Wealth Management Inc. acquired a new stake in Royce Value Trust in the 4th quarter valued at approximately $29,000. Wolverine Asset Management LLC acquired a new stake in Royce Value Trust in the 1st quarter valued at approximately $112,000. Farther Finance Advisors LLC increased its position in Royce Value Trust by 6,938.5% in the 1st quarter. Farther Finance Advisors LLC now owns 10,065 shares of the financial services provider's stock valued at $144,000 after acquiring an additional 9,922 shares during the period. NorthStar Asset Management LLC NJ acquired a new stake in Royce Value Trust in the 1st quarter valued at approximately $144,000. Finally, Inscription Capital LLC acquired a new stake in Royce Value Trust in the 1st quarter valued at approximately $156,000. 25.57% of the stock is currently owned by institutional investors and hedge funds.

Royce Value Trust Company Profile

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.