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

Royce Small-Cap Trust, Inc. (NYSE:RVT) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 94,208 shares, an increase of 217.5% from the August 15th total of 29,674 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 171,927 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On Royce Small-Cap Trust

A number of large investors have recently made changes to their positions in RVT. Western Wealth Management LLC purchased a new position in shares of Royce Small-Cap Trust during the first quarter valued at approximately $28,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of Royce Small-Cap Trust in the 2nd quarter worth about $28,000. Fairway Wealth LLC bought a new stake in shares of Royce Small-Cap Trust during the 1st quarter valued at about $33,000. Integrated Wealth Concepts LLC bought a new stake in shares of Royce Small-Cap Trust during the 2nd quarter valued at about $35,000. Finally, Private Wealth Asset Management LLC purchased a new position in shares of Royce Small-Cap Trust during the fourth quarter valued at about $52,000. 25.57% of the stock is currently owned by institutional investors.

Royce Small-Cap Trust Stock Performance

Shares of NYSE:RVT traded down $0.15 during midday trading on Friday, hitting $17.75. 176,260 shares of the stock traded hands, compared to its average volume of 165,022. The business’s 50 day moving average is $18.38 and its two-hundred day moving average is $18.02. Royce Small-Cap Trust has a one year low of $14.97 and a one year high of $19.12.

Royce Small-Cap Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Friday, September 11th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 7.4%. The ex-dividend date of this dividend is Friday, September 11th. This is a positive change from Royce Small-Cap Trust’s previous quarterly dividend of $0.31.

Royce Small-Cap Trust Company Profile

Royce Small-Cap Trust (NYSE: RVT) is a diversified, closed-end investment fund focused on long-term capital growth through investments in small-cap companies. The fund primarily invests in equity securities of U.S. small-cap businesses across a range of industries and sectors.

RVT is managed by Royce Investment Partners, an investment management firm specializing in small-cap and mid-cap equities. The portfolio generally emphasizes companies that the manager believes have attractive business characteristics, growth potential, financial strength, or favorable valuations.