Royce Small-Cap Trust, Inc. (NYSE:RVT) Shares Shorted: Short Interest Down 58.2% in September

Royce Small-Cap Trust, Inc. (NYSE:RVT) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 39,407 shares, a decrease of 58.2% from the August 31st total of 94,208 shares. Based on an average daily volume of 183,934 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Royce Small-Cap Trust Stock Down 0.7%

Shares of Royce Small-Cap Trust stock opened at $17.09 on Wednesday. Royce Small-Cap Trust has a 52-week low of $14.97 and a 52-week high of $19.12. The company has a 50-day simple moving average of $18.20 and a two-hundred day simple moving average of $17.97.

Royce Small-Cap Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Friday, September 11th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 7.7%. This is an increase from Royce Small-Cap Trust’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Friday, September 11th.

Hedge Funds Weigh In On Royce Small-Cap Trust

A number of hedge funds have recently added to or reduced their stakes in RVT. Bank of America Corp DE purchased a new stake in Royce Small-Cap Trust during the 2nd quarter valued at $111,827,000. Royal Bank of Canada lifted its holdings in shares of 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. Rivernorth Capital Management LLC lifted its holdings in shares of Royce Small-Cap Trust by 0.9% during the second quarter. Rivernorth Capital Management LLC now owns 607,243 shares of the financial services provider’s stock valued at $11,216,000 after purchasing an additional 5,268 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Royce Small-Cap Trust by 126.5% during the first quarter. Cetera Investment Advisers now owns 294,684 shares of the financial services provider’s stock valued at $4,892,000 after buying an additional 164,578 shares during the last quarter. Finally, Cypress Capital Management LLC WY boosted its position in shares of Royce Small-Cap Trust by 12.4% during the second quarter. Cypress Capital Management LLC WY now owns 243,763 shares of the financial services provider’s stock valued at $4,502,000 after buying an additional 26,879 shares during the last quarter. 25.57% of the stock is currently owned by hedge funds and other institutional investors.

About Royce Small-Cap Trust

Royce Small-Cap Trust (NYSE: RVT) is a diversified, closed-end investment fund focused on long-term capital growth through investments in small-cap companies. The fund primarily invests in equity securities of U.S. small-cap businesses across a range of industries and sectors.

RVT is managed by Royce Investment Partners, an investment management firm specializing in small-cap and mid-cap equities. The portfolio generally emphasizes companies that the manager believes have attractive business characteristics, growth potential, financial strength, or favorable valuations.