Royce Global Value Trust, Inc. (NYSE:RGT – Get Free Report) saw a significant drop in short interest in August. As of August 31st, there was short interest totaling 5,402 shares, a drop of 57.7% from the August 15th total of 12,766 shares. Based on an average trading volume of 28,636 shares, the short-interest ratio is currently 0.2 days.
Institutional Investors Weigh In On Royce Global Value Trust
A number of hedge funds have recently made changes to their positions in RGT. 1607 Capital Partners LLC purchased a new position in Royce Global Value Trust during the 4th quarter valued at approximately $1,279,000. Blue Bell Private Wealth Management LLC boosted its position in shares of Royce Global Value Trust by 34.2% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 96,580 shares of the company’s stock valued at $1,266,000 after acquiring an additional 24,629 shares during the last quarter. Beckerman Institutional LLC purchased a new position in shares of Royce Global Value Trust in the second quarter valued at $612,000. Tidal Investments LLC grew its holdings in shares of Royce Global Value Trust by 5.3% in the second quarter. Tidal Investments LLC now owns 30,535 shares of the company’s stock valued at $435,000 after purchasing an additional 1,539 shares in the last quarter. Finally, Susquehanna International Group LLP increased its position in Royce Global Value Trust by 9.8% in the second quarter. Susquehanna International Group LLP now owns 17,218 shares of the company’s stock worth $245,000 after purchasing an additional 1,536 shares during the last quarter.
Royce Global Value Trust Stock Down 1.2%
RGT stock traded down $0.18 during mid-day trading on Monday, hitting $14.43. The company had a trading volume of 6,294 shares, compared to its average volume of 21,250. Royce Global Value Trust has a 12-month low of $12.01 and a 12-month high of $15.79. The company has a 50-day moving average price of $15.03 and a 200 day moving average price of $14.46.
About Royce Global Value Trust
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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