Royce Value Trust Inc. (NYSE:RVT) Sees Significant Drop in Short Interest

Royce Value Trust Inc. (NYSE:RVT) saw a large decline in short interest in August. As of August 31st, there was short interest totalling 29,100 shares, a decline of 74.3% from the August 15th total of 113,300 shares. Based on an average trading volume of 179,400 shares, the days-to-cover ratio is presently 0.2 days.

In related news, Director Christopher C. Grisanti purchased 1,600 shares of the business’s stock in a transaction that occurred on Thursday, September 9th. The stock was bought at an average price of $18.93 per share, with a total value of $30,288.00. Following the acquisition, the director now owns 1,600 shares in the company, valued at $30,288. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.08% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of RVT. Sargent Bickham Lagudis LLC grew its holdings in shares of Royce Value Trust by 71.2% during the second quarter. Sargent Bickham Lagudis LLC now owns 1,905 shares of the financial services provider’s stock worth $36,000 after buying an additional 792 shares in the last quarter. Parisi Gray Wealth Management purchased a new stake in shares of Royce Value Trust during the second quarter worth $165,000. Wintrust Investments LLC purchased a new stake in shares of Royce Value Trust during the first quarter worth $183,000. Citadel Advisors LLC purchased a new stake in shares of Royce Value Trust during the second quarter worth $199,000. Finally, TIAA FSB purchased a new stake in shares of Royce Value Trust during the second quarter worth $203,000. 27.45% of the stock is owned by institutional investors.

Shares of NYSE RVT opened at $18.25 on Wednesday. The firm has a fifty day moving average of $18.48 and a 200 day moving average of $18.59. Royce Value Trust has a one year low of $12.07 and a one year high of $19.57.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 24th. Investors of record on Monday, September 13th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 7.23%. The ex-dividend date is Friday, September 10th. This is a positive change from Royce Value Trust’s previous quarterly dividend of $0.27.

About Royce Value Trust

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.

Further Reading: Understanding dividend yield and dividend payout ratio

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