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

Royce Global Value Trust, Inc. (NYSE:RGT) was the recipient of a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 5,382 shares, a decrease of 54.0% from the February 12th total of 11,700 shares. Based on an average trading volume of 18,998 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 18,998 shares, the short-interest ratio is currently 0.3 days.

Royce Global Value Trust Stock Performance

RGT stock traded down $0.10 during midday trading on Thursday, reaching $13.84. The stock had a trading volume of 4,895 shares, compared to its average volume of 30,833. The firm has a fifty day simple moving average of $14.03 and a two-hundred day simple moving average of $13.23. Royce Global Value Trust has a 52-week low of $9.00 and a 52-week high of $14.99.

Institutional Trading of Royce Global Value Trust

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Atlantic Union Bankshares Corp purchased a new stake in Royce Global Value Trust in the 3rd quarter worth approximately $27,000. Commonwealth Equity Services LLC increased its holdings in shares of Royce Global Value Trust by 6.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 11,828 shares of the company’s stock valued at $155,000 after purchasing an additional 745 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Royce Global Value Trust by 12.9% in the 4th quarter. Wells Fargo & Company MN now owns 14,126 shares of the company’s stock valued at $185,000 after purchasing an additional 1,617 shares during the period. D.A. Davidson & CO. grew its position in Royce Global Value Trust by 4.5% during the third quarter. D.A. Davidson & CO. now owns 22,753 shares of the company’s stock valued at $295,000 after buying an additional 970 shares during the period. Finally, Rothschild Investment LLC raised its position in shares of Royce Global Value Trust by 2.4% in the second quarter. Rothschild Investment LLC now owns 36,577 shares of the company’s stock worth $440,000 after acquiring an additional 847 shares during the period.

About Royce Global Value Trust

Royce Global Value Trust, Inc is a closed-end management investment company that trades on the New York Stock Exchange under the ticker symbol RGT. Incorporated in Maryland and based in New York, the Trust seeks to provide total return through a combination of capital appreciation and current income. It achieves its objective by investing in a diversified portfolio of equity securities of domestic and foreign companies, with a focus on undervalued, out-of-favor businesses that management believes offer attractive long-term growth potential.

The Trust’s investment strategy emphasizes bottom-up stock selection, targeting primarily small- and mid-capitalization companies across developed and emerging markets.