Royce Global Value Trust, Inc. (NYSE:RGT – Get Free Report) saw a significant drop in short interest in August. As of August 14th, there was short interest totaling 12,766 shares, a drop of 35.3% from the July 30th total of 19,717 shares. Based on an average daily trading volume, of 24,423 shares, the days-to-cover ratio is currently 0.5 days.
Royce Global Value Trust Trading Up 0.4%
Shares of Royce Global Value Trust stock traded up $0.06 during trading on Wednesday, reaching $15.15. The company’s stock had a trading volume of 9,626 shares, compared to its average volume of 21,355. The business’s 50-day moving average price is $14.92 and its 200-day moving average price is $14.43. Royce Global Value Trust has a 52 week low of $12.01 and a 52 week high of $15.79.
Institutional Trading of Royce Global Value Trust
A number of institutional investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC increased its holdings in shares of Royce Global Value Trust by 1.2% during the third quarter. Integrated Wealth Concepts LLC now owns 97,921 shares of the company’s stock worth $1,268,000 after purchasing an additional 1,200 shares during the period. 1607 Capital Partners LLC bought a new stake in shares of Royce Global Value Trust in the fourth quarter valued at approximately $1,279,000. Blue Bell Private Wealth Management LLC grew its position in Royce Global Value Trust by 34.2% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 96,580 shares of the company’s stock worth $1,266,000 after buying an additional 24,629 shares in the last quarter. LPL Financial LLC grew its position in Royce Global Value Trust by 69.0% during the fourth quarter. LPL Financial LLC now owns 66,009 shares of the company’s stock worth $865,000 after buying an additional 26,960 shares in the last quarter. Finally, Compound Planning Inc. increased its stake in Royce Global Value Trust by 15.9% during the 4th quarter. Compound Planning Inc. now owns 52,525 shares of the company’s stock worth $689,000 after acquiring an additional 7,205 shares during the period.
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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