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 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 company's stock are sold short. Based on an average daily trading volume, of 298,000 shares, the days-to-cover ratio is presently 0.2 days.

Royce Value Trust Stock Performance

Shares of RVT stock traded up $0.23 on Friday, hitting $14.29. The stock had a trading volume of 186,346 shares, compared to its average volume of 255,470. Royce Value Trust has a one year low of $12.12 and a one year high of $16.93. The business has a 50 day moving average price of $14.04 and a 200 day moving average price of $15.36.

Royce Value Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Thursday, March 13th were issued a $0.30 dividend. The ex-dividend date was Thursday, March 13th. This represents a $1.20 annualized dividend and a dividend yield of 8.40%.

Institutional Investors Weigh In On Royce Value Trust

Hedge funds have recently modified their holdings of the business. Alexander Randolph Advisory Inc. raised its stake in Royce Value Trust by 2.9% in the fourth quarter. Alexander Randolph Advisory Inc. now owns 30,963 shares of the financial services provider's stock worth $489,000 after buying an additional 871 shares in the last quarter. HBK Sorce Advisory LLC raised its position in shares of Royce Value Trust by 5.1% in the 1st quarter. HBK Sorce Advisory LLC now owns 18,896 shares of the financial services provider's stock worth $269,000 after acquiring an additional 918 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of Royce Value Trust by 0.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 140,012 shares of the financial services provider's stock worth $2,212,000 after acquiring an additional 933 shares in the last quarter. Jaffetilchin Investment Partners LLC lifted its stake in shares of Royce Value Trust by 11.1% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 10,209 shares of the financial services provider's stock worth $161,000 after purchasing an additional 1,019 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its position in Royce Value Trust by 5.6% during the third quarter. B. Riley Wealth Advisors Inc. now owns 19,872 shares of the financial services provider's stock valued at $308,000 after purchasing an additional 1,047 shares in the last quarter. Hedge funds and other 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.