Royce Value Trust Inc. (NYSE:RVT) Short Interest Update

Royce Value Trust Inc. (NYSE:RVT) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 48,300 shares, an increase of 331.3% from the August 31st total of 11,200 shares. Based on an average trading volume of 253,400 shares, the short-interest ratio is currently 0.2 days.

Royce Value Trust Price Performance

Shares of RVT stock traded down $0.04 during mid-day trading on Wednesday, reaching $15.49. The stock had a trading volume of 142,653 shares, compared to its average volume of 227,840. The stock’s 50-day moving average price is $15.23 and its two-hundred day moving average price is $14.82. Royce Value Trust has a 52-week low of $11.85 and a 52-week high of $16.16.

Royce Value Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, September 13th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 7.23%. The ex-dividend date of this dividend was Friday, September 13th.

Insider Activity

In related news, President Christopher D. Clark acquired 3,400 shares of the stock in a transaction on Friday, August 16th. The stock was purchased at an average price of $15.20 per share, for a total transaction of $51,680.00. Following the completion of the transaction, the president now owns 36,057 shares of the company’s stock, valued at approximately $548,066.40. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.06% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Royce Value Trust

Institutional investors and hedge funds have recently bought and sold shares of the business. Quent Capital LLC bought a new position in shares of Royce Value Trust during the first quarter valued at approximately $38,000. ESL Trust Services LLC bought a new position in Royce Value Trust in the 1st quarter worth $39,000. Salomon & Ludwin LLC purchased a new stake in shares of Royce Value Trust in the 1st quarter worth about $50,000. Pingora Partners LLC purchased a new stake in shares of Royce Value Trust in the 4th quarter worth about $54,000. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of Royce Value Trust during the 1st quarter valued at about $76,000. Hedge funds and other institutional investors own 25.57% of the company’s stock.

Royce Value Trust Company Profile

Royce Value Trust Inc is a close ended equity mutual fund launched and managed by Royce & Associates, LLC. It invests in the public equity markets of the United States. The fund spreads its investments across diversified sectors. It invests in value oriented stocks of small cap and micro cap companies.