Royce Global Value Trust, Inc. (NYSE:RGT – Get Free Report) was the target of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 23,844 shares, a decline of 34.9% from the June 15th total of 36,611 shares. Based on an average trading volume of 25,094 shares, the days-to-cover ratio is currently 1.0 days.
Royce Global Value Trust Trading Up 0.2%
Shares of NYSE RGT traded up $0.03 during mid-day trading on Friday, hitting $14.63. 6,012 shares of the company traded hands, compared to its average volume of 21,189. Royce Global Value Trust has a 1 year low of $11.89 and a 1 year high of $14.99. The business has a 50 day moving average of $14.35 and a two-hundred day moving average of $14.10.
Institutional Trading of Royce Global Value Trust
A number of hedge funds have recently bought and sold shares of RGT. Fifth Third Bancorp acquired a new position in shares of Royce Global Value Trust in the first quarter worth about $48,000. Commonwealth Equity Services LLC raised its holdings in shares of Royce Global Value Trust by 6.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 11,828 shares of the company’s stock valued at $155,000 after acquiring an additional 745 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Royce Global Value Trust by 12.9% during the fourth quarter. Wells Fargo & Company MN now owns 14,126 shares of the company’s stock valued at $185,000 after acquiring an additional 1,617 shares during the period. Beckerman Institutional LLC lifted its position in shares of Royce Global Value Trust by 77.3% in the 1st quarter. Beckerman Institutional LLC now owns 22,853 shares of the company’s stock valued at $305,000 after acquiring an additional 9,962 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Royce Global Value Trust in the 3rd quarter valued at approximately $587,000.
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.
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