Short Interest in Royce Global Value Trust, Inc. (NYSE:RGT) Grows By 360.6%

Royce Global Value Trust, Inc. (NYSE:RGT) was the target of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 34,908 shares, a growth of 360.6% from the January 15th total of 7,579 shares. Based on an average daily volume of 33,165 shares, the short-interest ratio is currently 1.1 days. Based on an average daily volume of 33,165 shares, the short-interest ratio is currently 1.1 days.

Royce Global Value Trust Trading Up 0.6%

NYSE:RGT traded up $0.08 during midday trading on Friday, reaching $14.40. 11,791 shares of the stock traded hands, compared to its average volume of 38,330. Royce Global Value Trust has a 12 month low of $9.00 and a 12 month high of $14.99. The company has a fifty day moving average of $13.51 and a 200 day moving average of $12.95.

Royce Global Value Trust Cuts Dividend

The firm also recently announced an annual dividend, which was paid on Wednesday, December 24th. Investors of record on Thursday, December 11th were paid a $0.19 dividend. The ex-dividend date of this dividend was Thursday, December 11th. This represents a dividend yield of 148.0%.

Hedge Funds Weigh In On Royce Global Value Trust

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Matisse Capital grew its stake in Royce Global Value Trust by 17.9% in the fourth quarter. Matisse Capital now owns 291,000 shares of the company’s stock worth $3,815,000 after purchasing an additional 44,210 shares during the period. Shaker Financial Services LLC increased its stake in shares of Royce Global Value Trust by 25.5% during the fourth quarter. Shaker Financial Services LLC now owns 193,069 shares of the company’s stock valued at $2,531,000 after purchasing an additional 39,254 shares in the last quarter. Integrated Wealth Concepts LLC lifted its holdings in shares of Royce Global Value Trust by 1.2% during the third quarter. Integrated Wealth Concepts LLC now owns 97,921 shares of the company’s stock valued at $1,268,000 after purchasing an additional 1,200 shares during the last quarter. Blue Bell Private Wealth Management LLC boosted its position in shares of Royce Global Value Trust by 34.2% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 96,580 shares of the company’s stock worth $1,266,000 after purchasing an additional 24,629 shares in the last quarter. Finally, Cornerstone Advisors LLC grew its stake in shares of Royce Global Value Trust by 41.9% in the 2nd quarter. Cornerstone Advisors LLC now owns 81,347 shares of the company’s stock worth $979,000 after buying an additional 24,023 shares during the last quarter.

Royce Global Value Trust Company Profile

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.