Royce Value Trust Inc. (NYSE:RVT) Short Interest Up 168.1% in January

Royce Value Trust Inc. (NYSE:RVT) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 267,000 shares, a growth of 168.1% from the December 31st total of 99,600 shares. Based on an average trading volume of 258,900 shares, the short-interest ratio is currently 1.0 days.

Royce Value Trust Stock Performance

Shares of NYSE:RVT traded down $0.11 during mid-day trading on Wednesday, reaching $16.14. The stock had a trading volume of 207,301 shares, compared to its average volume of 276,717. The firm has a 50 day simple moving average of $16.16 and a two-hundred day simple moving average of $15.71. Royce Value Trust has a twelve month low of $13.78 and a twelve month high of $16.93.

Royce Value Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Thursday, December 12th were given a $0.44 dividend. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 10.90%.

Institutional Trading of Royce Value Trust

Hedge funds have recently modified their holdings of the company. Future Financial Wealth Managment LLC acquired a new stake in shares of Royce Value Trust in the 3rd quarter valued at approximately $78,000. DAVENPORT & Co LLC bought a new stake in Royce Value Trust during the 4th quarter worth approximately $165,000. Creative Planning increased its stake in Royce Value Trust by 7.7% during the 3rd quarter. Creative Planning now owns 11,791 shares of the financial services provider’s stock worth $185,000 after purchasing an additional 842 shares in the last quarter. EP Wealth Advisors LLC bought a new stake in Royce Value Trust during the 3rd quarter worth approximately $188,000. Finally, B&L Asset Management LLC bought a new stake in Royce Value Trust during the 3rd quarter worth approximately $190,000. 25.57% of the stock is currently owned by institutional investors and hedge funds.

About Royce Value 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.