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

Royce Small-Cap Trust, Inc. (NYSE:RVT) was the target of a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 390,677 shares, a decrease of 28.7% from the February 26th total of 548,009 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 281,636 shares, the short-interest ratio is currently 1.4 days.

Royce Small-Cap Trust Price Performance

Shares of RVT stock traded down $0.02 during trading hours on Monday, hitting $16.11. 294,886 shares of the company’s stock were exchanged, compared to its average volume of 239,522. The stock’s 50-day moving average is $17.51 and its 200-day moving average is $16.64. Royce Small-Cap Trust has a 52 week low of $12.12 and a 52 week high of $18.73.

Royce Small-Cap Trust Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Thursday, March 12th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, March 12th. This represents a $1.20 annualized dividend and a yield of 7.5%.

Insider Buying and Selling

In other Royce Small-Cap Trust news, President Christopher D. Clark purchased 4,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 24th. The stock was purchased at an average cost of $16.69 per share, with a total value of $75,105.00. Following the acquisition, the president directly owned 47,235 shares of the company’s stock, valued at approximately $788,352.15. This trade represents a 10.53% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.08% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Royce Small-Cap Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wedbush Securities Inc. raised its stake in shares of Royce Small-Cap Trust by 2.4% in the fourth quarter. Wedbush Securities Inc. now owns 24,921 shares of the financial services provider’s stock worth $401,000 after acquiring an additional 574 shares during the last quarter. Carson Advisory Inc. grew its stake in shares of Royce Small-Cap Trust by 3.4% during the fourth quarter. Carson Advisory Inc. now owns 17,768 shares of the financial services provider’s stock valued at $286,000 after purchasing an additional 576 shares during the last quarter. Kestra Advisory Services LLC increased its holdings in shares of Royce Small-Cap Trust by 2.5% in the fourth quarter. Kestra Advisory Services LLC now owns 25,573 shares of the financial services provider’s stock valued at $412,000 after purchasing an additional 630 shares in the last quarter. Moors & Cabot Inc. increased its holdings in shares of Royce Small-Cap Trust by 2.8% in the third quarter. Moors & Cabot Inc. now owns 24,501 shares of the financial services provider’s stock valued at $395,000 after purchasing an additional 660 shares in the last quarter. Finally, K2 Principal Fund L.P. raised its position in Royce Small-Cap Trust by 3.4% in the 4th quarter. K2 Principal Fund L.P. now owns 20,503 shares of the financial services provider’s stock worth $330,000 after purchasing an additional 666 shares during the last quarter. Institutional investors and hedge funds own 25.57% of the company’s stock.

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.