Short Interest in Royce Value Trust Inc. (NYSE:RVT) Declines By 51.5%

Royce Value Trust Inc. (NYSE:RVT - Get Free Report) was the recipient of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 72,200 shares, a decrease of 51.5% from the March 31st total of 148,900 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 298,000 shares, the days-to-cover ratio is currently 0.2 days.

Royce Value Trust Stock Performance

NYSE RVT traded up $0.01 on Monday, reaching $13.89. The company had a trading volume of 254,958 shares, compared to its average volume of 254,430. Royce Value Trust has a 12 month low of $12.12 and a 12 month high of $16.93. The firm's 50 day moving average price is $14.21 and its 200 day moving average price is $15.41.

Royce Value Trust Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Thursday, March 13th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 8.64%. The ex-dividend date of this dividend was Thursday, March 13th.

Institutional Investors Weigh In On Royce Value Trust

Large investors have recently bought and sold shares of the business. Waterfront Wealth Inc. lifted its holdings in shares of Royce Value Trust by 3.4% in the 1st quarter. Waterfront Wealth Inc. now owns 441,474 shares of the financial services provider's stock worth $6,287,000 after acquiring an additional 14,572 shares during the last quarter. HBK Sorce Advisory LLC raised its stake in shares of Royce Value 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 acquiring an additional 918 shares in the last quarter. Consolidated Portfolio Review Corp purchased a new stake in shares of Royce Value Trust in the first quarter valued at approximately $661,000. Oppenheimer & Co. Inc. grew its stake in Royce Value Trust by 25.6% in the first quarter. Oppenheimer & Co. Inc. now owns 208,136 shares of the financial services provider's stock worth $2,964,000 after purchasing an additional 42,481 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in Royce Value Trust by 2.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 124,521 shares of the financial services provider's stock worth $1,773,000 after purchasing an additional 3,174 shares during the period. Institutional investors own 25.57% of the company's stock.

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.

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