Short Interest in Royce Small-Cap Trust, Inc. (NYSE:RVT) Expands By 44.4%

Royce Small-Cap Trust, Inc. (NYSE:RVT) was the target of a large increase in short interest in February. As of February 27th, there was short interest totaling 548,009 shares, an increase of 44.4% from the February 12th total of 379,489 shares. Based on an average daily volume of 268,832 shares, the short-interest ratio is currently 2.0 days. Approximately 0.5% of the shares of the stock are short sold. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily volume of 268,832 shares, the short-interest ratio is currently 2.0 days.

Institutional Trading of Royce Small-Cap Trust

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cornerstone Advisors LLC boosted its stake in shares of Royce Small-Cap Trust by 476.3% during the third quarter. Cornerstone Advisors LLC now owns 685,519 shares of the financial services provider’s stock valued at $11,057,000 after acquiring an additional 566,576 shares during the last quarter. Morgan Stanley raised its stake in Royce Small-Cap Trust by 9.1% in the 4th quarter. Morgan Stanley now owns 6,252,497 shares of the financial services provider’s stock valued at $100,665,000 after purchasing an additional 519,959 shares during the last quarter. Paller Financial Services Inc purchased a new position in Royce Small-Cap Trust in the 4th quarter valued at about $5,106,000. Raymond James Financial Inc. lifted its holdings in Royce Small-Cap Trust by 6.7% in the 2nd quarter. Raymond James Financial Inc. now owns 3,174,507 shares of the financial services provider’s stock valued at $47,776,000 after purchasing an additional 198,905 shares in the last quarter. Finally, Waterfront Wealth Inc. boosted its stake in shares of Royce Small-Cap Trust by 41.1% during the 3rd quarter. Waterfront Wealth Inc. now owns 679,108 shares of the financial services provider’s stock worth $10,786,000 after purchasing an additional 197,680 shares during the last quarter. 25.57% of the stock is currently owned by hedge funds and other institutional investors.

Royce Small-Cap Trust Stock Performance

Shares of Royce Small-Cap Trust stock opened at $16.44 on Monday. Royce Small-Cap Trust has a 1 year low of $12.12 and a 1 year high of $18.73. The business has a 50 day moving average price of $17.61 and a 200 day moving average price of $16.62.

Royce Small-Cap Trust Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Thursday, March 12th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, March 12th. This represents a $1.20 annualized dividend and a yield of 7.3%.

Royce Small-Cap Trust Company Profile

Royce Small-Cap Trust (NYSE:RVT) is a closed-end management investment company that seeks to provide investors with long-term capital appreciation by investing primarily in the common stocks of small-capitalization companies. The trust is structured to trade on the New York Stock Exchange, offering shares that represent an undivided interest in a diversified portfolio of U.S. small-cap equities. As a closed-end vehicle, the fund may employ leverage to enhance returns and reinvest dividends to support growth over time.

The trust’s investment strategy is driven by fundamental, bottom-up research, focusing on companies with market capitalizations typically falling within the small-cap spectrum.