Royce Value Trust Inc. (NYSE:RVT) Short Interest Down 24.2% in October

Royce Value Trust Inc. (NYSE:RVT - Get Free Report) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 38,900 shares, a decrease of 24.2% from the September 30th total of 51,300 shares. Based on an average daily trading volume, of 229,400 shares, the short-interest ratio is presently 0.2 days.

Insider Buying and Selling

In related news, President Christopher D. Clark purchased 3,400 shares of the business's stock in a transaction that occurred on Friday, August 16th. The shares were bought at an average price of $15.20 per share, for a total transaction of $51,680.00. Following the purchase, the president now directly owns 36,057 shares of the company's stock, valued at approximately $548,066.40. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.06% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Royce Value Trust

A number of institutional investors and hedge funds have recently modified their holdings of the company. Raymond James & Associates boosted its stake in shares of Royce Value Trust by 5.5% in the 3rd quarter. Raymond James & Associates now owns 1,502,749 shares of the financial services provider's stock worth $23,593,000 after buying an additional 78,601 shares during the last quarter. Cornerstone Advisors LLC boosted its stake in shares of Royce Value Trust by 62.0% in the 2nd quarter. Cornerstone Advisors LLC now owns 734,489 shares of the financial services provider's stock worth $10,628,000 after buying an additional 281,199 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in shares of Royce Value Trust by 9.7% in the 1st quarter. Advisors Asset Management Inc. now owns 667,661 shares of the financial services provider's stock worth $10,128,000 after buying an additional 59,308 shares during the last quarter. Blue Bell Private Wealth Management LLC boosted its stake in shares of Royce Value Trust by 13.3% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 460,923 shares of the financial services provider's stock worth $6,670,000 after buying an additional 54,097 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Royce Value Trust by 2.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 431,555 shares of the financial services provider's stock worth $6,547,000 after buying an additional 8,578 shares during the last quarter. 25.57% of the stock is currently owned by hedge funds and other institutional investors.

Royce Value Trust Stock Performance

RVT traded down $0.01 during trading on Friday, hitting $15.38. 170,690 shares of the company's stock traded hands, compared to its average volume of 224,136. The company's 50 day simple moving average is $15.39 and its two-hundred day simple moving average is $14.96. Royce Value Trust has a 12-month low of $11.85 and a 12-month high of $16.16.

Royce Value Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, September 13th were paid a $0.28 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 7.28%.

Royce Value Trust Company Profile

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.