Royce Value Trust Inc. (NYSE:RVT - Get Free Report) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 48,300 shares, a growth of 331.3% from the August 31st total of 11,200 shares. Based on an average trading volume of 253,400 shares, the days-to-cover ratio is currently 0.2 days.
Royce Value Trust Price Performance
Shares of RVT traded down $0.11 during midday trading on Wednesday, reaching $15.42. The stock had a trading volume of 221,546 shares, compared to its average volume of 228,267. The company's fifty day simple moving average is $15.22 and its two-hundred day simple moving average is $14.82. Royce Value Trust has a 1-year low of $11.85 and a 1-year high of $16.16.
Royce Value Trust Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, September 13th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 7.26%. The ex-dividend date was Friday, September 13th.
Insider Activity at Royce Value Trust
In other Royce Value Trust news, President Christopher D. Clark acquired 3,400 shares of the stock in a transaction dated Friday, August 16th. The stock was acquired at an average price of $15.20 per share, with a total value of $51,680.00. Following the completion of the purchase, the president now owns 36,057 shares in the company, valued at approximately $548,066.40. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.06% of the stock is currently owned by company insiders.
Institutional Trading of Royce Value Trust
Several institutional investors have recently modified their holdings of RVT. Quent Capital LLC acquired a new position in Royce Value Trust during the first quarter worth approximately $38,000. ESL Trust Services LLC acquired a new position in shares of Royce Value Trust in the 1st quarter valued at $39,000. Salomon & Ludwin LLC acquired a new position in shares of Royce Value Trust in the 1st quarter valued at $50,000. Pingora Partners LLC purchased a new stake in Royce Value Trust in the 4th quarter valued at $54,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in Royce Value Trust during the 1st quarter worth $76,000. Hedge funds and other institutional investors own 25.57% of the company's stock.
About Royce Value Trust
(
Get Free Report)
Royce Value Trust Inc is a close ended equity mutual fund launched and managed by Royce & Associates, LLC. It invests in the public equity markets of the United States. The fund spreads its investments across diversified sectors. It invests in value oriented stocks of small cap and micro cap companies.
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