Royce Global Value Trust, Inc. (NYSE:RGT) Short Interest Update

Royce Global Value Trust, Inc. (NYSE:RGT) was the target of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 11,700 shares, a drop of 66.5% from the January 29th total of 34,908 shares. Based on an average trading volume of 31,306 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 31,306 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Compound Planning Inc. grew its holdings in shares of Royce Global Value Trust by 15.9% during the fourth quarter. Compound Planning Inc. now owns 52,525 shares of the company’s stock valued at $689,000 after buying an additional 7,205 shares during the last quarter. 1607 Capital Partners LLC bought a new stake in shares of Royce Global Value Trust in the fourth quarter worth $1,279,000. Wells Fargo & Company MN boosted its position in Royce Global Value Trust by 12.9% in the fourth quarter. Wells Fargo & Company MN now owns 14,126 shares of the company’s stock worth $185,000 after purchasing an additional 1,617 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Royce Global Value Trust by 6.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 11,828 shares of the company’s stock worth $155,000 after buying an additional 745 shares during the last quarter. Finally, LPL Financial LLC grew its position in shares of Royce Global Value Trust by 69.0% during the 4th quarter. LPL Financial LLC now owns 66,009 shares of the company’s stock valued at $865,000 after acquiring an additional 26,960 shares during the period.

Royce Global Value Trust Stock Performance

RGT stock traded down $0.12 during midday trading on Thursday, hitting $14.48. The company had a trading volume of 3,464 shares, compared to its average volume of 33,785. Royce Global Value Trust has a 52 week low of $9.00 and a 52 week high of $14.99. The stock’s 50 day moving average price is $13.80 and its 200 day moving average price is $13.10.

Royce Global Value Trust Cuts Dividend

The company also recently declared an annual dividend, which was paid on Wednesday, December 24th. Investors of record on Thursday, December 11th were given a dividend of $0.19 per share. The ex-dividend date was Thursday, December 11th. This represents a dividend yield of 148.0%.

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.