Short Interest in Royce Global Value Trust, Inc. (NYSE:RGT) Drops By 31.2%

Royce Global Value Trust, Inc. (NYSE:RGT) was the target of a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 7,579 shares, a decline of 31.2% from the December 31st total of 11,021 shares. Based on an average daily volume of 51,616 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 51,616 shares, the days-to-cover ratio is presently 0.1 days.

Royce Global Value Trust Price Performance

NYSE RGT traded down $0.34 on Friday, reaching $14.57. The company had a trading volume of 37,659 shares, compared to its average volume of 42,353. The company’s fifty day moving average is $13.20 and its 200-day moving average is $12.83. Royce Global Value Trust has a 1-year low of $9.00 and a 1-year high of $14.91.

Royce Global Value Trust Cuts Dividend

The firm also recently disclosed an annual dividend, which was paid on Wednesday, December 24th. Stockholders of record on Thursday, December 11th were issued a $0.19 dividend. The ex-dividend date was Thursday, December 11th. This represents a dividend yield of 148.0%.

Insider Transactions at Royce Global Value Trust

In other Royce Global Value Trust news, insider Charles M. Royce sold 2,533 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $12.44, for a total transaction of $31,510.52. Following the sale, the insider directly owned 680,350 shares in the company, valued at approximately $8,463,554. This trade represents a 0.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last three months, insiders sold 18,996 shares of company stock worth $238,948.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Matisse Capital increased its stake in Royce Global Value Trust by 17.9% in the 4th quarter. Matisse Capital now owns 291,000 shares of the company’s stock valued at $3,815,000 after buying an additional 44,210 shares during the last quarter. Shaker Financial Services LLC increased its position in shares of Royce Global Value Trust by 25.5% in the fourth quarter. Shaker Financial Services LLC now owns 193,069 shares of the company’s stock valued at $2,531,000 after acquiring an additional 39,254 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in 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 acquiring an additional 1,200 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in Royce Global Value Trust during the third quarter valued at approximately $587,000. Finally, Compound Planning Inc. acquired a new position in Royce Global Value Trust during the third quarter valued at approximately $587,000.

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.