Royce Global Value Trust, Inc. (NYSE:RGT – Get Free Report) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 5,752 shares, an increase of 457.4% from the April 30th total of 1,032 shares. Based on an average daily volume of 13,643 shares, the days-to-cover ratio is presently 0.4 days.
Royce Global Value Trust Trading Up 0.4%
Shares of NYSE RGT traded up $0.06 during mid-day trading on Friday, reaching $14.51. 6,021 shares of the company’s stock were exchanged, compared to its average volume of 22,280. The business has a fifty day simple moving average of $14.09 and a 200 day simple moving average of $13.68. Royce Global Value Trust has a twelve month low of $11.40 and a twelve month high of $14.99.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of RGT. Atlantic Union Bankshares Corp bought a new position in shares of Royce Global Value Trust during the third quarter worth about $27,000. Fifth Third Bancorp bought a new position in shares of Royce Global Value Trust during the first quarter worth about $48,000. Commonwealth Equity Services LLC grew 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 worth $155,000 after buying an additional 745 shares in the last quarter. Wells Fargo & Company MN grew 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 worth $185,000 after buying an additional 1,617 shares in the last quarter. Finally, Beckerman Institutional LLC grew its holdings in shares of Royce Global Value Trust by 77.3% during the first quarter. Beckerman Institutional LLC now owns 22,853 shares of the company’s stock worth $305,000 after buying an additional 9,962 shares in the last quarter.
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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