Short Interest in Royce Global Value Trust, Inc. (NYSE:RGT) Increases By 457.4%

Royce Global Value Trust, Inc. (NYSE:RGT) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 5,752 shares, a growth of 457.4% from the April 30th total of 1,032 shares. Based on an average trading volume of 13,643 shares, the short-interest ratio is currently 0.4 days.

Royce Global Value Trust Price Performance

Shares of Royce Global Value Trust stock traded up $0.05 during trading hours on Thursday, reaching $14.44. The company had a trading volume of 3,034 shares, compared to its average volume of 22,431. Royce Global Value Trust has a one year low of $11.40 and a one year high of $14.99. The business has a fifty day simple moving average of $14.05 and a 200 day simple moving average of $13.66.

Hedge Funds Weigh In On Royce Global Value Trust

A number of large investors have recently made changes to their positions in RGT. Atlantic Union Bankshares Corp bought a new position in shares of Royce Global Value Trust in the third quarter worth $27,000. Fifth Third Bancorp bought a new position in shares of Royce Global Value Trust in the first quarter worth $48,000. Commonwealth Equity Services LLC boosted its holdings in shares of Royce Global Value Trust by 6.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 11,828 shares of the company’s stock worth $155,000 after acquiring an additional 745 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Royce Global Value Trust by 12.9% in the fourth quarter. Wells Fargo & Company MN now owns 14,126 shares of the company’s stock worth $185,000 after acquiring an additional 1,617 shares during the period. Finally, Beckerman Institutional LLC boosted its holdings in shares of Royce Global Value Trust by 77.3% in the first quarter. Beckerman Institutional LLC now owns 22,853 shares of the company’s stock worth $305,000 after acquiring an additional 9,962 shares during the period.

Royce Global Value Trust Company Profile

Royce Global Value Trust, Inc is a closed-end management investment company that trades on the New York Stock Exchange under the ticker symbol RGT. Incorporated in Maryland and based in New York, the Trust seeks to provide total return through a combination of capital appreciation and current income. It achieves its objective by investing in a diversified portfolio of equity securities of domestic and foreign companies, with a focus on undervalued, out-of-favor businesses that management believes offer attractive long-term growth potential.

The Trust’s investment strategy emphasizes bottom-up stock selection, targeting primarily small- and mid-capitalization companies across developed and emerging markets.