Short Interest in Royce Small-Cap Trust, Inc. (NYSE:RVT) Increases By 40.9%

Royce Small-Cap Trust, Inc. (NYSE:RVT - Get Free Report) was the target of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 76,800 shares, a growth of 40.9% from the May 15th total of 54,500 shares. Based on an average daily volume of 278,400 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the company's stock are sold short.

Institutional Investors Weigh In On Royce Small-Cap Trust

Several institutional investors and hedge funds have recently bought and sold shares of the business. Alexander Randolph Advisory Inc. raised its stake in Royce Small-Cap Trust by 2.9% during the fourth quarter. Alexander Randolph Advisory Inc. now owns 30,963 shares of the financial services provider's stock worth $489,000 after acquiring an additional 871 shares during the period. HBK Sorce Advisory LLC increased its stake in shares of Royce Small-Cap Trust by 5.1% in 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 during the period. Commonwealth Equity Services LLC increased its stake in shares of Royce Small-Cap Trust by 0.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 140,012 shares of the financial services provider's stock valued at $2,212,000 after purchasing an additional 933 shares during the period. SouthState Corp increased its stake in shares of Royce Small-Cap Trust by 5.3% in 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 during the period. Finally, Jaffetilchin Investment Partners LLC increased its stake in shares of Royce Small-Cap Trust by 11.1% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 10,209 shares of the financial services provider's stock valued at $161,000 after purchasing an additional 1,019 shares during the period. 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 $0.06 during trading hours on Thursday, hitting $14.62. 226,238 shares of the company were exchanged, compared to its average volume of 262,173. Royce Small-Cap Trust has a one year low of $12.12 and a one year high of $16.93. The business's 50-day simple moving average is $14.42 and its two-hundred day simple moving average is $15.07.

Royce Small-Cap 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. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $1.16 annualized dividend and a dividend yield of 7.94%.

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.