Royce Value Trust Inc. (NYSE:RVT) Sees Large Decrease in Short Interest

Royce Value Trust Inc. (NYSE:RVT - Get Free Report) was the recipient of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 247,900 shares, a drop of 21.3% from the January 31st total of 314,900 shares. Based on an average daily trading volume, of 269,400 shares, the short-interest ratio is presently 0.9 days.

Royce Value Trust Price Performance

Shares of RVT stock traded up $0.07 during mid-day trading on Friday, hitting $14.70. The company had a trading volume of 390,806 shares, compared to its average volume of 268,200. The stock's 50 day moving average price is $15.88 and its 200-day moving average price is $15.79. Royce Value Trust has a 52-week low of $13.78 and a 52-week high of $16.93.

Royce Value Trust Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Thursday, March 13th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 8.16%. The ex-dividend date is Thursday, March 13th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in RVT. Comprehensive Money Management Services LLC purchased a new stake in shares of Royce Value Trust in the fourth quarter worth about $740,000. Vermillion Wealth Management Inc. bought a new stake in Royce Value Trust in the 4th quarter worth approximately $29,000. RB Capital Management LLC increased its stake in Royce Value Trust by 6.6% in the 4th quarter. RB Capital Management LLC now owns 168,405 shares of the financial services provider's stock worth $2,661,000 after acquiring an additional 10,467 shares during the last quarter. Waverly Advisors LLC purchased a new stake in shares of Royce Value Trust during the 4th quarter worth approximately $802,000. Finally, Royal Bank of Canada boosted its position in shares of Royce Value Trust by 8.3% during the 4th quarter. Royal Bank of Canada now owns 1,553,618 shares of the financial services provider's stock valued at $24,548,000 after acquiring an additional 118,894 shares during the last quarter. Institutional investors own 25.57% of the company's stock.

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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.