Royce Small-Cap Trust, Inc. (NYSE:RVT) Short Interest Update
by Danessa Lincoln · The Markets DailyRoyce Small-Cap Trust, Inc. (NYSE:RVT – Get Free Report) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 94,208 shares, a growth of 217.5% from the August 15th total of 29,674 shares. Based on an average daily trading volume, of 171,927 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.1% of the shares of the company are short sold.
Institutional Investors Weigh In On Royce Small-Cap Trust
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Western Wealth Management LLC purchased a new stake in Royce Small-Cap Trust during the 1st quarter valued at $28,000. Newbridge Financial Services Group Inc. purchased a new position in shares of Royce Small-Cap Trust in the 2nd quarter worth $28,000. Fairway Wealth LLC bought a new stake in shares of Royce Small-Cap Trust in the first quarter worth $33,000. Integrated Wealth Concepts LLC bought a new stake in shares of Royce Small-Cap Trust in the second quarter worth $35,000. Finally, Private Wealth Asset Management LLC purchased a new stake in Royce Small-Cap Trust during the fourth quarter valued at $52,000. Hedge funds and other institutional investors own 25.57% of the company’s stock.
Royce Small-Cap Trust Price Performance
NYSE:RVT traded down $0.18 during mid-day trading on Monday, reaching $17.60. The company’s stock had a trading volume of 99,887 shares, compared to its average volume of 295,452. The firm’s fifty day moving average price is $18.38 and its two-hundred day moving average price is $18.02. Royce Small-Cap Trust has a 12-month low of $14.97 and a 12-month high of $19.12.
Royce Small-Cap Trust Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Friday, September 11th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, September 11th. This is a positive change from Royce Small-Cap Trust’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 7.5%.
About Royce Small-Cap Trust
Royce Small-Cap Trust (NYSE: RVT) is a diversified, closed-end investment fund focused on long-term capital growth through investments in small-cap companies. The fund primarily invests in equity securities of U.S. small-cap businesses across a range of industries and sectors.
RVT is managed by Royce Investment Partners, an investment management firm specializing in small-cap and mid-cap equities. The portfolio generally emphasizes companies that the manager believes have attractive business characteristics, growth potential, financial strength, or favorable valuations.