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

Royce Small-Cap Trust, Inc. (NYSE:RVT) was the target of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 6,534 shares, a decrease of 83.4% from the September 15th total of 39,407 shares. Based on an average trading volume of 212,538 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Royce Small-Cap Trust Trading Up 0.8%

Shares of NYSE RVT traded up $0.14 during trading hours on Friday, hitting $16.95. The company had a trading volume of 199,379 shares, compared to its average volume of 207,020. The firm’s 50 day moving average is $18.04 and its 200-day moving average is $17.98. Royce Small-Cap Trust has a 1-year low of $14.97 and a 1-year high of $19.12.

Royce Small-Cap Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Friday, September 11th were issued a dividend of $0.33 per share. The ex-dividend date was Friday, September 11th. This is an increase from Royce Small-Cap Trust’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a yield of 7.8%.

Institutional Investors Weigh In On Royce Small-Cap Trust

A number of institutional investors have recently made changes to their positions in RVT. PMG Family Office LLC boosted its stake in Royce Small-Cap Trust by 2.1% in the 1st quarter. PMG Family Office LLC now owns 32,513 shares of the financial services provider’s stock valued at $540,000 after purchasing an additional 662 shares during the period. K2 Principal Fund L.P. increased its stake in shares of 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 valued at $330,000 after purchasing an additional 666 shares during the last quarter. Private Advisor Group LLC raised its stake in Royce Small-Cap Trust by 0.4% during the first quarter. Private Advisor Group LLC now owns 182,851 shares of the financial services provider’s stock worth $3,035,000 after acquiring an additional 703 shares in the last quarter. Waverly Advisors LLC increased its position in Royce Small-Cap Trust by 1.6% during the 2nd quarter. Waverly Advisors LLC now owns 53,079 shares of the financial services provider’s stock worth $980,000 after purchasing an additional 825 shares in the last quarter. Finally, Beacon Financial Advisory LLC increased its holdings in shares of Royce Small-Cap Trust by 5.0% during the first quarter. Beacon Financial Advisory LLC now owns 19,022 shares of the financial services provider’s stock worth $316,000 after buying an additional 898 shares in the last quarter. Institutional investors own 25.57% of the company’s stock.

About Royce Small-Cap Trust

Royce Small-Cap Trust, Inc is a closed-end investment company listed on the New York Stock Exchange under the symbol RVT. The trust seeks long-term capital appreciation by investing primarily in equity securities of small-capitalization companies.

The trust’s portfolio generally includes common stocks of U.S. companies across a range of industries. Its investment approach emphasizes fundamental research and the selection of smaller businesses that Royce Investment Partners, the trust’s investment adviser, believes offer attractive long-term growth potential and strong business characteristics.

Founded in 1986, Royce Small-Cap Trust is managed as part of Royce Investment Partners’ small-cap investment platform.