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 during the month of August. As of August 14th, there was short interest totaling 12,766 shares, a drop of 35.3% from the July 30th total of 19,717 shares. Based on an average daily volume of 24,423 shares, the days-to-cover ratio is presently 0.5 days.

Royce Global Value Trust Trading Down 0.8%

Shares of RGT stock traded down $0.13 during trading hours on Tuesday, hitting $15.19. 21,151 shares of the company were exchanged, compared to its average volume of 21,425. The firm has a fifty day simple moving average of $14.90 and a 200 day simple moving average of $14.42. Royce Global Value Trust has a 52-week low of $12.01 and a 52-week high of $15.79.

Institutional Trading of Royce Global Value Trust

A number of institutional investors have recently added to or reduced their stakes in the stock. 1607 Capital Partners LLC bought a new position in Royce Global Value Trust in the 4th quarter worth about $1,279,000. Newbridge Financial Services Group Inc. bought a new position in shares of Royce Global Value Trust in the third quarter valued at approximately $587,000. Beckerman Institutional LLC purchased a new position in Royce Global Value Trust during the second quarter valued at approximately $612,000. LPL Financial LLC increased its holdings in Royce Global Value Trust by 69.0% during the 4th quarter. LPL Financial LLC now owns 66,009 shares of the company’s stock worth $865,000 after acquiring an additional 26,960 shares during the period. Finally, Blue Bell Private Wealth Management LLC lifted its stake in Royce Global Value Trust by 34.2% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 96,580 shares of the company’s stock worth $1,266,000 after purchasing an additional 24,629 shares in the last quarter.

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.