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

Royce Small-Cap Trust, Inc. (NYSE:RVT – Get Free Report) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 6,534 shares, a decline of 83.4% from the September 15th total of 39,407 shares. Based on an average trading volume of 212,538 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Royce Small-Cap Trust Trading Down 1.2%

Shares of RVT stock traded down $0.20 on Monday, hitting $16.77. The company had a trading volume of 205,877 shares, compared to its average volume of 287,053. Royce Small-Cap Trust has a twelve month low of $14.97 and a twelve month high of $19.12. The stock’s 50-day moving average is $18.04 and its two-hundred day moving average is $18.00.

Get Royce Small-Cap Trust alerts:

Royce Small-Cap Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Friday, September 11th were issued a $0.33 dividend. The ex-dividend date was Friday, September 11th. This is a positive change from Royce Small-Cap Trust’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 7.9%.

Hedge Funds Weigh In On Royce Small-Cap Trust

Institutional investors have recently added to or reduced their stakes in the business. Eastern Bank bought a new stake in Royce Small-Cap Trust during the 3rd quarter worth approximately $29,000. Concorde Asset Management LLC increased its stake in Royce Small-Cap Trust by 4.9% in the 2nd quarter. Concorde Asset Management LLC now owns 54,600 shares of the financial services provider’s stock worth $1,008,000 after acquiring an additional 2,550 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Royce Small-Cap Trust in the 2nd quarter valued at about $35,000. NewEdge Advisors LLC grew its holdings in shares of Royce Small-Cap Trust by 46.8% during the second quarter. NewEdge Advisors LLC now owns 82,369 shares of the financial services provider’s stock worth $1,521,000 after purchasing an additional 26,267 shares in the last quarter. Finally, Cypress Capital Management LLC WY lifted its position in Royce Small-Cap Trust by 12.4% during the second 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. 25.57% of the stock is owned by institutional investors and hedge funds.

Royce Small-Cap Trust Company Profile

(Get Free Report)

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.

Read More

• Five stocks we like better than Royce Small-Cap Trust
• Salesforce Just Got a Rare Double Upgrade—What Changed?
• OpenAI’s Revenue Scare Could Be a Big Opportunity for Investors
• China Still Dominates Rare Earths—These 3 U.S. Companies Could Benefit
• 3 REITs That May Win in a Higher Interest Rate Environment

Receive News & Ratings for Royce Small-Cap Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royce Small-Cap Trust and related companies with MarketBeat.com's FREE daily email newsletter.