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

Royce Global Value Trust, Inc. (NYSE:RGT) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 1,032 shares, a decline of 88.0% from the April 15th total of 8,623 shares. Based on an average daily volume of 19,183 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Atlantic Union Bankshares Corp acquired a new position in shares of Royce Global Value Trust in the 3rd quarter valued at about $27,000. Fifth Third Bancorp acquired a new position in shares of Royce Global Value Trust in the 1st quarter valued at about $48,000. Commonwealth Equity Services LLC lifted its stake in shares of Royce Global Value Trust by 6.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 11,828 shares of the company’s stock valued at $155,000 after purchasing an additional 745 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Royce Global Value Trust by 12.9% in the 4th quarter. Wells Fargo & Company MN now owns 14,126 shares of the company’s stock valued at $185,000 after purchasing an additional 1,617 shares during the period. Finally, D.A. Davidson & CO. increased its position in Royce Global Value Trust by 4.5% in the 3rd quarter. D.A. Davidson & CO. now owns 22,753 shares of the company’s stock valued at $295,000 after buying an additional 970 shares in the last quarter.

Royce Global Value Trust Stock Down 1.0%

Shares of NYSE:RGT traded down $0.15 during midday trading on Tuesday, reaching $14.41. The company’s stock had a trading volume of 13,677 shares, compared to its average volume of 23,624. The firm has a 50 day moving average price of $14.01 and a two-hundred day moving average price of $13.54. Royce Global Value Trust has a fifty-two week low of $11.01 and a fifty-two week high of $14.99.

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.