Royce Small-Cap Trust, Inc. (NYSE:RVT) Short Interest Update

Royce Small-Cap Trust, Inc. (NYSE:RVT) was the recipient of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 29,674 shares, an increase of 101.5% from the July 30th total of 14,729 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 192,855 shares, the short-interest ratio is presently 0.2 days.

Royce Small-Cap Trust Price Performance

RVT stock traded down $0.24 during trading hours on Friday, reaching $18.59. 145,492 shares of the stock were exchanged, compared to its average volume of 182,860. The firm’s 50-day moving average is $18.38 and its 200-day moving average 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 company also recently announced a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Thursday, June 11th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 6.7%. The ex-dividend date was Thursday, June 11th. This is a positive change from Royce Small-Cap Trust’s previous quarterly dividend of $0.30.

Hedge Funds Weigh In On Royce Small-Cap Trust

Several hedge funds have recently made changes to their positions in the business. Western Wealth Management LLC bought a new stake in shares of Royce Small-Cap Trust in the first quarter worth $28,000. Newbridge Financial Services Group Inc. bought a new position in Royce Small-Cap Trust in the second quarter valued at $28,000. Fairway Wealth LLC bought a new position in Royce Small-Cap Trust in the first quarter valued at $33,000. Private Wealth Asset Management LLC acquired a new stake in Royce Small-Cap Trust in the 4th quarter valued at $52,000. Finally, Pingora Partners LLC acquired a new stake in Royce Small-Cap Trust in the 2nd quarter valued at $67,000. 25.57% of the stock is owned by 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.