Royce Global Value Trust, Inc. (NYSE:RGT) Sees Large Growth in Short Interest

Royce Global Value Trust, Inc. (NYSE:RGT) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 6,291 shares, an increase of 118.9% from the September 15th total of 2,874 shares. Based on an average trading volume of 11,595 shares, the days-to-cover ratio is currently 0.5 days.

Royce Global Value Trust Trading Down 0.3%

Royce Global Value Trust stock traded down $0.04 during midday trading on Wednesday, hitting $14.14. The stock had a trading volume of 23,603 shares, compared to its average volume of 20,228. The firm’s fifty day moving average is $14.84 and its two-hundred day moving average is $14.53. Royce Global Value Trust has a 52-week low of $12.01 and a 52-week high of $15.79.

Hedge Funds Weigh In On Royce Global Value Trust

Several large investors have recently added to or reduced their stakes in the company. Shaker Financial Services LLC increased its stake in shares of Royce Global Value Trust by 3.6% in the third quarter. Shaker Financial Services LLC now owns 189,057 shares of the company’s stock worth $2,692,000 after purchasing an additional 6,549 shares in the last quarter. Tidal Investments LLC raised its position in shares of Royce Global Value Trust by 5.3% during the 2nd quarter. Tidal Investments LLC now owns 30,535 shares of the company’s stock valued at $435,000 after purchasing an additional 1,539 shares during the period. Susquehanna International Group LLP raised its position in shares of Royce Global Value Trust by 9.8% during the 2nd quarter. Susquehanna International Group LLP now owns 17,218 shares of the company’s stock valued at $245,000 after purchasing an additional 1,536 shares during the period. Beckerman Institutional LLC bought a new stake in shares of Royce Global Value Trust during the 2nd quarter valued at $612,000. Finally, Fifth Third Bancorp purchased a new position in shares of Royce Global Value Trust during the 1st quarter valued at $48,000.

Royce Global Value Trust Company Profile

Royce Global Value Trust, Inc (NYSE: RGT) is a closed-end investment company that seeks long-term growth of capital by investing in a diversified portfolio of global equities. The fund focuses primarily on small-cap companies that its investment adviser believes are undervalued relative to their business prospects, assets, or earnings potential.

RGT invests across the United States and international markets, providing exposure to companies in a range of industries and geographic regions.