Royce Global Value Trust, Inc. (NYSE:RGT) Short Interest Update

Royce Global Value Trust, Inc. (NYSE:RGT) was the recipient of a large drop in short interest in June. As of June 30th, there was short interest totaling 23,844 shares, a drop of 34.9% from the June 15th total of 36,611 shares. Based on an average daily volume of 25,094 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of RGT. Fifth Third Bancorp acquired a new stake in Royce Global Value Trust in the 1st quarter valued at about $48,000. Commonwealth Equity Services LLC grew its stake in shares of Royce Global Value Trust by 6.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 11,828 shares of the company’s stock worth $155,000 after purchasing an additional 745 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Royce Global Value Trust by 12.9% in the 4th quarter. Wells Fargo & Company MN now owns 14,126 shares of the company’s stock worth $185,000 after purchasing an additional 1,617 shares in the last quarter. Beckerman Institutional LLC raised its holdings in shares of Royce Global Value Trust by 77.3% in the 1st quarter. Beckerman Institutional LLC now owns 22,853 shares of the company’s stock worth $305,000 after purchasing an additional 9,962 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. acquired a new stake in Royce Global Value Trust during the third quarter valued at approximately $587,000.

Royce Global Value Trust Stock Up 0.2%

Shares of RGT traded up $0.03 during midday trading on Friday, reaching $14.63. The stock had a trading volume of 6,012 shares, compared to its average volume of 21,189. Royce Global Value Trust has a 52 week low of $11.89 and a 52 week high of $14.99. The firm’s 50 day moving average price is $14.35 and its 200-day moving average price is $14.10.

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.