Royce Global Value Trust, Inc. (NYSE:RGT – Get Free Report) saw a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 2,874 shares, a drop of 46.8% from the August 31st total of 5,402 shares. Based on an average daily volume of 17,177 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Trading of Royce Global Value Trust
Several large investors have recently modified their holdings of RGT. 1607 Capital Partners LLC purchased a new stake in Royce Global Value Trust during the fourth quarter valued at $1,279,000. Beckerman Institutional LLC purchased a new position in Royce Global Value Trust in the second quarter worth about $612,000. Fifth Third Bancorp purchased a new position in Royce Global Value Trust in the first quarter worth about $48,000. Tidal Investments LLC grew its stake in shares of Royce Global Value Trust by 5.3% during the 2nd 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 during the period. Finally, Susquehanna International Group LLP grew its stake in shares of Royce Global Value Trust by 9.8% during the 2nd quarter. Susquehanna International Group LLP now owns 17,218 shares of the company’s stock valued at $245,000 after purchasing an additional 1,536 shares during the period.
Royce Global Value Trust Trading Down 0.1%
NYSE:RGT traded down $0.01 during trading hours on Wednesday, reaching $14.28. The company had a trading volume of 6,790 shares, compared to its average volume of 20,616. The firm’s 50 day moving average price is $14.98 and its 200-day moving average price is $14.48. Royce Global Value Trust has a 52 week low of $12.01 and a 52 week high of $15.79.
About Royce Global Value Trust
Royce Global Value Trust, Inc (NYSE:RGT) is a diversified, closed-end investment company that seeks long-term capital appreciation by investing in publicly traded companies around the world. The fund emphasizes value-oriented investing and typically focuses on small- and mid-capitalization businesses that its investment manager believes are undervalued relative to their underlying fundamentals.
RGT invests across multiple industries and geographic markets, including the United States and international developed and emerging markets.
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