Royce Small-Cap Trust, Inc. (NYSE:RVT) Sees Significant Decline in Short Interest

Royce Small-Cap Trust, Inc. (NYSE:RVT) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 14,729 shares, a decline of 93.9% from the July 15th total of 239,578 shares. Based on an average daily volume of 397,140 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Investors Weigh In On Royce Small-Cap Trust

Several hedge funds and other institutional investors have recently modified their holdings of RVT. NewEdge Advisors LLC raised its holdings in shares of Royce Small-Cap Trust by 5.8% in the 1st quarter. NewEdge Advisors LLC now owns 53,335 shares of the financial services provider’s stock valued at $759,000 after acquiring an additional 2,919 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Royce Small-Cap Trust during the first quarter worth about $186,000. Cetera Investment Advisers increased its position in shares of Royce Small-Cap Trust by 7.4% in the second quarter. Cetera Investment Advisers now owns 36,282 shares of the financial services provider’s stock worth $546,000 after purchasing an additional 2,494 shares during the last quarter. Walleye Capital LLC bought a new position in shares of Royce Small-Cap Trust in the second quarter worth approximately $775,000. Finally, Brown Advisory Inc. raised its stake in Royce Small-Cap Trust by 69.8% in the second quarter. Brown Advisory Inc. now owns 24,801 shares of the financial services provider’s stock valued at $373,000 after purchasing an additional 10,193 shares in the last quarter. 25.57% of the stock is currently owned by institutional investors.

Royce Small-Cap Trust Price Performance

Shares of Royce Small-Cap Trust stock traded up $0.06 during trading hours on Tuesday, reaching $18.79. The company had a trading volume of 150,706 shares, compared to its average volume of 336,560. Royce Small-Cap Trust has a one year low of $14.97 and a one year high of $18.88. The business has a fifty day simple moving average of $18.15 and a 200 day simple moving average of $17.91.

Royce Small-Cap Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Thursday, June 11th were paid a $0.31 dividend. The ex-dividend date was Thursday, June 11th. This represents a $1.24 annualized dividend and a yield of 6.6%. This is an increase from Royce Small-Cap Trust’s previous quarterly dividend of $0.30.

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.