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

Royce Small-Cap Trust, Inc. (NYSE:RVT) saw a significant decrease in short interest in September. As of September 15th, there was short interest totaling 39,407 shares, a decrease of 58.2% from the August 31st total of 94,208 shares. Based on an average daily volume of 183,934 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On Royce Small-Cap Trust

Several institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE acquired a new stake in shares of Royce Small-Cap Trust during the second quarter worth $111,827,000. Royal Bank of Canada boosted its position in shares of Royce Small-Cap Trust by 0.8% in the first quarter. Royal Bank of Canada now owns 1,624,774 shares of the financial services provider’s stock worth $26,971,000 after acquiring an additional 13,087 shares during the last quarter. Rivernorth Capital Management LLC grew its holdings in Royce Small-Cap Trust by 0.9% in the second quarter. Rivernorth Capital Management LLC now owns 607,243 shares of the financial services provider’s stock valued at $11,216,000 after purchasing an additional 5,268 shares during the period. Cetera Investment Advisers raised its stake in Royce Small-Cap Trust by 126.5% during the first quarter. Cetera Investment Advisers now owns 294,684 shares of the financial services provider’s stock worth $4,892,000 after purchasing an additional 164,578 shares during the period. Finally, Cypress Capital Management LLC WY boosted its holdings in shares of Royce Small-Cap Trust by 12.4% in the 2nd quarter. Cypress Capital Management LLC WY now owns 243,763 shares of the financial services provider’s stock valued at $4,502,000 after purchasing an additional 26,879 shares during the last quarter. Hedge funds and other institutional investors own 25.57% of the company’s stock.

Royce Small-Cap Trust Trading Down 0.7%

Shares of RVT traded down $0.12 during mid-day trading on Tuesday, reaching $17.09. 378,986 shares of the company’s stock were exchanged, compared to its average volume of 177,732. Royce Small-Cap Trust has a 52-week low of $14.97 and a 52-week high of $19.12. The company has a 50-day simple moving average of $18.20 and a two-hundred day simple moving average of $17.97.

Royce Small-Cap Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Friday, September 11th will be given a dividend of $0.33 per share. The ex-dividend date is Friday, September 11th. This represents a $1.32 dividend on an annualized basis and a yield of 7.7%. This is a boost 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.