Short Interest in Royce Small-Cap Trust, Inc. (NYSE:RVT) Expands By 87.4%

Royce Small-Cap Trust, Inc. (NYSE:RVT) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 239,578 shares, an increase of 87.4% from the June 30th total of 127,876 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 359,813 shares, the short-interest ratio is presently 0.7 days.

Royce Small-Cap Trust Stock Up 0.5%

Shares of RVT stock opened at $18.09 on Friday. Royce Small-Cap Trust has a 12-month low of $14.78 and a 12-month high of $18.88. The stock’s 50-day moving average price is $18.12 and its 200-day moving average price is $17.83.

Royce Small-Cap Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Thursday, June 11th were issued a dividend of $0.31 per share. The ex-dividend date was Thursday, June 11th. This represents a $1.24 annualized dividend and a yield of 6.9%. This is a boost from Royce Small-Cap Trust’s previous quarterly dividend of $0.30.

Institutional Trading of Royce Small-Cap Trust

Several hedge funds have recently modified their holdings of the company. Bank of America Corp DE boosted its position in shares of Royce Small-Cap Trust by 0.9% during the 2nd quarter. Bank of America Corp DE now owns 6,293,535 shares of the financial services provider’s stock valued at $94,718,000 after acquiring an additional 54,485 shares during the last quarter. Morgan Stanley increased its position in Royce Small-Cap Trust by 9.1% in the fourth quarter. Morgan Stanley now owns 6,252,497 shares of the financial services provider’s stock worth $100,665,000 after purchasing an additional 519,959 shares during the last quarter. Raymond James Financial Inc. increased its position in Royce Small-Cap Trust by 6.7% in the second quarter. Raymond James Financial Inc. now owns 3,174,507 shares of the financial services provider’s stock worth $47,776,000 after purchasing an additional 198,905 shares during the last quarter. LPL Financial LLC raised its stake in Royce Small-Cap Trust by 9.4% during the fourth quarter. LPL Financial LLC now owns 2,257,033 shares of the financial services provider’s stock valued at $36,338,000 after purchasing an additional 194,412 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in Royce Small-Cap Trust by 0.8% during the first quarter. Royal Bank of Canada now owns 1,624,774 shares of the financial services provider’s stock valued at $26,971,000 after purchasing an additional 13,087 shares in the last quarter. 25.57% of the stock is owned by hedge funds and other institutional investors.

Royce Small-Cap Trust Company Profile

Royce Small-Cap Trust (NYSE:RVT) is a closed-end management investment company that seeks to provide investors with long-term capital appreciation by investing primarily in the common stocks of small-capitalization companies. The trust is structured to trade on the New York Stock Exchange, offering shares that represent an undivided interest in a diversified portfolio of U.S. small-cap equities. As a closed-end vehicle, the fund may employ leverage to enhance returns and reinvest dividends to support growth over time.

The trust’s investment strategy is driven by fundamental, bottom-up research, focusing on companies with market capitalizations typically falling within the small-cap spectrum.