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

Royce Global Value Trust, Inc. (NYSE:RGT) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 6,291 shares, a growth of 118.9% from the September 15th total of 2,874 shares. Based on an average daily trading volume, of 11,595 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On Royce Global Value Trust

Hedge funds and other institutional investors have recently made changes to their positions in the company. Susquehanna International Group LLP raised its stake in shares of Royce Global Value Trust by 9.8% in the second quarter. Susquehanna International Group LLP now owns 17,218 shares of the company’s stock valued at $245,000 after acquiring an additional 1,536 shares during the period. Tidal Investments LLC boosted its stake in shares of Royce Global Value Trust by 5.3% during the 2nd quarter. Tidal Investments LLC now owns 30,535 shares of the company’s stock worth $435,000 after purchasing an additional 1,539 shares during the period. Fifth Third Bancorp purchased a new position in shares of Royce Global Value Trust during the 1st quarter worth about $48,000. Beckerman Institutional LLC grew its holdings in Royce Global Value Trust by 77.3% during the 1st quarter. Beckerman Institutional LLC now owns 22,853 shares of the company’s stock valued at $305,000 after purchasing an additional 9,962 shares during the last quarter. Finally, 1607 Capital Partners LLC bought a new position in Royce Global Value Trust during the 4th quarter valued at about $1,279,000.

Royce Global Value Trust Stock Performance

Shares of RGT opened at $14.32 on Tuesday. The business has a fifty day moving average of $14.89 and a 200 day moving average of $14.52. Royce Global Value Trust has a 52-week low of $12.01 and a 52-week high of $15.79.

About Royce Global Value Trust

Royce Global Value Trust, Inc (NYSE: RGT) is a closed-end investment company that seeks long-term growth of capital by investing in a diversified portfolio of global equities. The fund focuses primarily on small-cap companies that its investment adviser believes are undervalued relative to their business prospects, assets, or earnings potential.

RGT invests across the United States and international markets, providing exposure to companies in a range of industries and geographic regions.