Royce Global Value Trust, Inc. (NYSE:RGT) Sees Significant Drop in Short Interest

Royce Global Value Trust, Inc. (NYSE:RGTGet Rating) was the recipient of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 1,400 shares, a decrease of 80.6% from the March 31st total of 7,200 shares. Based on an average daily volume of 10,300 shares, the days-to-cover ratio is currently 0.1 days.

Shares of Royce Global Value Trust stock opened at $10.28 on Thursday. The business’s 50-day moving average price is $10.94 and its 200-day moving average price is $12.93. Royce Global Value Trust has a 12 month low of $10.25 and a 12 month high of $17.63.

Institutional investors have recently made changes to their positions in the company. Atlantic Union Bankshares Corp grew its position in Royce Global Value Trust by 7.5% during the 1st quarter. Atlantic Union Bankshares Corp now owns 22,880 shares of the company’s stock worth $260,000 after acquiring an additional 1,600 shares during the last quarter. Frontier Wealth Management LLC grew its position in Royce Global Value Trust by 9.3% during the 4th quarter. Frontier Wealth Management LLC now owns 22,899 shares of the company’s stock worth $300,000 after acquiring an additional 1,951 shares during the last quarter. Wells Fargo & Company MN grew its position in Royce Global Value Trust by 15.9% during the 4th quarter. Wells Fargo & Company MN now owns 26,405 shares of the company’s stock worth $346,000 after acquiring an additional 3,627 shares during the last quarter. Bank of America Corp DE grew its position in Royce Global Value Trust by 32.3% during the 4th quarter. Bank of America Corp DE now owns 18,002 shares of the company’s stock worth $236,000 after acquiring an additional 4,397 shares during the last quarter. Finally, Wolverine Asset Management LLC bought a new position in Royce Global Value Trust during the 4th quarter worth approximately $97,000.

About Royce Global Value Trust (Get Rating)

Royce Global Value Trust, Inc was a closed ended equity mutual fund launched and managed by Royce & Associates, LLC. It invests in the public equity markets across the globe. The fund spreads its investments across diversified sectors. It invests in value oriented stocks of small-cap and micro-cap companies.

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