Royce Small-Cap Trust, Inc. (NYSE:RVT) Short Interest Update

Royce Small-Cap Trust, Inc. (NYSE:RVT) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 83,212 shares, an increase of 65.1% from the November 30th total of 50,412 shares. Based on an average trading volume of 365,198 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 365,198 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On Royce Small-Cap Trust

Several institutional investors and hedge funds have recently modified their holdings of RVT. Northwestern Mutual Wealth Management Co. raised its position in Royce Small-Cap Trust by 23.4% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 52,581 shares of the financial services provider’s stock valued at $749,000 after purchasing an additional 9,978 shares in the last quarter. Baird Financial Group Inc. increased its stake in shares of Royce Small-Cap Trust by 37.3% in the 1st quarter. Baird Financial Group Inc. now owns 21,282 shares of the financial services provider’s stock valued at $303,000 after purchasing an additional 5,784 shares during the last quarter. Royal Bank of Canada increased its stake in shares of Royce Small-Cap Trust by 3.1% in the 1st quarter. Royal Bank of Canada now owns 1,601,377 shares of the financial services provider’s stock valued at $22,803,000 after purchasing an additional 47,759 shares during the last quarter. Concorde Asset Management LLC raised its holdings in shares of Royce Small-Cap Trust by 12.2% during the 1st quarter. Concorde Asset Management LLC now owns 43,942 shares of the financial services provider’s stock worth $600,000 after buying an additional 4,790 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of Royce Small-Cap Trust by 5.8% during the 1st quarter. NewEdge Advisors LLC now owns 53,335 shares of the financial services provider’s stock worth $759,000 after buying an additional 2,919 shares during the last quarter. 25.57% of the stock is currently owned by institutional investors and hedge funds.

Royce Small-Cap Trust Price Performance

Shares of NYSE RVT traded down $0.05 during trading hours on Friday, reaching $16.27. 141,336 shares of the stock were exchanged, compared to its average volume of 295,982. The stock’s fifty day simple moving average is $16.00 and its 200 day simple moving average is $15.77. Royce Small-Cap Trust has a 52 week low of $12.12 and a 52 week high of $16.87.

Royce Small-Cap Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Thursday, December 11th were given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 13.3%. The ex-dividend date was Thursday, December 11th. This is a positive change from Royce Small-Cap Trust’s previous quarterly dividend of $0.29.

About Royce Small-Cap Trust

Royce Small-Cap Trust (NYSE:RVT) is a closed-end management investment company that seeks to provide investors with long-term capital appreciation by investing primarily in the common stocks of small-capitalization companies. The trust is structured to trade on the New York Stock Exchange, offering shares that represent an undivided interest in a diversified portfolio of U.S. small-cap equities. As a closed-end vehicle, the fund may employ leverage to enhance returns and reinvest dividends to support growth over time.

The trust’s investment strategy is driven by fundamental, bottom-up research, focusing on companies with market capitalizations typically falling within the small-cap spectrum.