Royce Small-Cap Trust, Inc. (NYSE:RVT) Short Interest Update

Royce Small-Cap Trust, Inc. (NYSE:RVT) saw a large growth in short interest in August. As of August 14th, there was short interest totaling 29,674 shares, a growth of 101.5% from the July 30th total of 14,729 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 192,855 shares, the days-to-cover ratio is presently 0.2 days.

Royce Small-Cap Trust Price Performance

RVT traded down $0.24 during mid-day trading on Friday, reaching $18.59. 145,492 shares of the stock were exchanged, compared to its average volume of 187,784. The company has a 50 day moving average price of $18.38 and a two-hundred day moving average price of $18.02. Royce Small-Cap Trust has a 1 year low of $14.97 and a 1 year high of $19.12.

Royce Small-Cap Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Thursday, June 11th were given a dividend of $0.31 per share. The ex-dividend date was Thursday, June 11th. This is a positive change from Royce Small-Cap Trust’s previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a yield of 6.7%.

Institutional Trading of Royce Small-Cap Trust

Several institutional investors and hedge funds have recently bought and sold shares of the stock. HighTower Advisors LLC raised its stake in Royce Small-Cap Trust by 12.9% during the second quarter. HighTower Advisors LLC now owns 200,824 shares of the financial services provider’s stock valued at $3,709,000 after buying an additional 23,021 shares during the last quarter. Triumph Capital Management increased its stake in Royce Small-Cap Trust by 4.8% in the 2nd quarter. Triumph Capital Management now owns 60,025 shares of the financial services provider’s stock worth $1,109,000 after acquiring an additional 2,755 shares during the last quarter. Rivernorth Capital Management LLC raised its position in Royce Small-Cap Trust by 0.9% during the second quarter. Rivernorth Capital Management LLC now owns 607,243 shares of the financial services provider’s stock valued at $11,216,000 after purchasing an additional 5,268 shares during the period. Two Sigma Securities LLC bought a new position in Royce Small-Cap Trust during the second quarter valued at $244,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in Royce Small-Cap Trust by 9.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 21,090 shares of the financial services provider’s stock worth $390,000 after purchasing an additional 1,849 shares during the period. 25.57% of the stock is currently owned by hedge funds and other institutional investors.

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.