Royce Small-Cap Trust, Inc. (NYSE:RVT) Sees Large Growth in Short Interest

Royce Small-Cap Trust, Inc. (NYSE:RVT) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totaling 144,378 shares, an increase of 80.9% from the December 31st total of 79,820 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 521,839 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 521,839 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On Royce Small-Cap Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. CWM LLC bought a new stake in shares of Royce Small-Cap Trust during the second quarter valued at approximately $25,000. Newbridge Financial Services Group Inc. purchased a new stake in Royce Small-Cap Trust during the 2nd quarter valued at about $28,000. Westfuller Advisors LLC bought a new stake in Royce Small-Cap Trust in the 3rd quarter worth about $29,000. Quent Capital LLC bought a new stake in Royce Small-Cap Trust in the 3rd quarter worth about $46,000. Finally, Coastline Trust Co purchased a new stake in shares of Royce Small-Cap Trust during the 3rd quarter valued at about $48,000. Hedge funds and other institutional investors own 25.57% of the company’s stock.

Royce Small-Cap Trust Price Performance

Shares of NYSE RVT traded down $0.11 during midday trading on Friday, reaching $17.34. The company’s stock had a trading volume of 300,065 shares, compared to its average volume of 528,017. The firm has a 50 day moving average price of $16.58 and a 200-day moving average price of $16.10. Royce Small-Cap Trust has a 12-month low of $12.12 and a 12-month high of $17.70.

Royce Small-Cap Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Thursday, December 11th were paid a $0.54 dividend. This is a boost from Royce Small-Cap Trust’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Thursday, December 11th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 12.5%.

Royce Small-Cap Trust Company Profile

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.