Short Interest in Royce Global Value Trust, Inc. (NYSE:RGT) Increases By 457.4%

Royce Global Value Trust, Inc. (NYSE:RGT) was the target of 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 short-interest ratio is presently 0.4 days.

Royce Global Value Trust Price Performance

NYSE RGT traded up $0.05 on Thursday, hitting $14.44. 3,034 shares of the stock traded hands, compared to its average volume of 22,431. The business’s fifty day moving average is $14.05 and its two-hundred day moving average is $13.66. Royce Global Value Trust has a 12 month low of $11.40 and a 12 month high of $14.99.

Hedge Funds Weigh In On Royce Global Value Trust

Several institutional investors and hedge funds have recently bought and sold shares of RGT. Atlantic Union Bankshares Corp bought a new position in Royce Global Value Trust during the third quarter valued at $27,000. Compound Planning Inc. bought a new position in Royce Global Value Trust during the third quarter valued at $587,000. Newbridge Financial Services Group Inc. bought a new position in Royce Global Value Trust during the third quarter valued at $587,000. Integrated Wealth Concepts LLC grew 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 valued at $1,268,000 after purchasing an additional 1,200 shares during the period. Finally, Shaker Financial Services LLC boosted its holdings 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 worth $2,531,000 after acquiring an additional 39,254 shares during the period.

Royce Global Value Trust Company Profile

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.