Royce Small-Cap Trust, Inc. (NYSE:RVT) Stock Short Interest Report for October

Royce Small-Cap Trust, Inc. (NYSE:RVT) was the target of a large increase in short interest in October. As of October 30th, there was short interest totaling 30,501 shares, an increase of 504.2% from the October 15th total of 5,048 shares. Based on an average daily trading volume, of 234,973 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Trading of Royce Small-Cap Trust

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE purchased a new position in Royce Small-Cap Trust during the 2nd quarter worth approximately $111,827,000. Allspring Global Investments Holdings LLC grew its position in shares of Royce Small-Cap Trust by 99.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 573,423 shares of the financial services provider’s stock worth $9,823,000 after acquiring an additional 286,140 shares during the last quarter. RB Capital Management LLC acquired a new position in shares of Royce Small-Cap Trust in the 2nd quarter valued at $3,162,000. Cetera Investment Advisers increased its holdings in shares of Royce Small-Cap Trust by 126.5% in the 1st quarter. Cetera Investment Advisers now owns 294,684 shares of the financial services provider’s stock valued at $4,892,000 after acquiring an additional 164,578 shares during the period. Finally, Advisors Asset Management Inc. acquired a new position in shares of Royce Small-Cap Trust in the 3rd quarter valued at $2,715,000. Institutional investors and hedge funds own 25.57% of the company’s stock.

Royce Small-Cap Trust Trading Down 0.8%

Shares of NYSE RVT traded down $0.14 during mid-day trading on Friday, reaching $16.81. The company had a trading volume of 17,580 shares, compared to its average volume of 282,889. The firm has a 50 day simple moving average of $17.14 and a two-hundred day simple moving average of $17.78. Royce Small-Cap Trust has a 52-week low of $14.97 and a 52-week high of $19.12.

Royce Small-Cap Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Friday, September 11th were issued a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, September 11th. This is a positive change from Royce Small-Cap Trust’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a dividend yield of 7.9%.

About Royce Small-Cap Trust

Royce Small-Cap Trust, Inc. is a closed-end investment company that seeks long-term growth of capital by investing primarily in small-capitalization companies. Its portfolio focuses on equity securities, with an emphasis on businesses in the United States. The trust has operated since 1986 and is managed by Royce Investment Partners, an investment manager specializing in small-cap companies. Its approach centers on researching and selecting individual businesses for a diversified portfolio.