Royce Value Trust Inc. (NYSE:RVT - Get Free Report) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 267,000 shares, a growth of 168.1% from the December 31st total of 99,600 shares. Based on an average daily volume of 258,900 shares, the days-to-cover ratio is currently 1.0 days.
Royce Value Trust Trading Down 0.7 %
Shares of RVT traded down $0.12 during mid-day trading on Friday, reaching $16.31. 158,919 shares of the company's stock were exchanged, compared to its average volume of 249,096. Royce Value Trust has a 52-week low of $13.78 and a 52-week high of $16.93. The company has a 50-day simple moving average of $16.16 and a two-hundred day simple moving average of $15.72.
Royce Value Trust Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Thursday, December 12th were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 10.79%. The ex-dividend date of this dividend was Thursday, December 12th.
Hedge Funds Weigh In On Royce Value Trust
A number of institutional investors have recently made changes to their positions in the stock. Beacon Financial Advisory LLC increased its position in Royce Value Trust by 5.8% during the 3rd quarter. Beacon Financial Advisory LLC now owns 13,328 shares of the financial services provider's stock worth $209,000 after purchasing an additional 734 shares in the last quarter. Prospera Financial Services Inc boosted its stake in shares of Royce Value Trust by 1.7% during the 3rd quarter. Prospera Financial Services Inc now owns 48,547 shares of the financial services provider's stock worth $762,000 after purchasing an additional 800 shares during the last quarter. Focused Wealth Management Inc grew its holdings in shares of Royce Value Trust by 1.6% during the third quarter. Focused Wealth Management Inc now owns 53,674 shares of the financial services provider's stock worth $843,000 after buying an additional 827 shares in the last quarter. Creative Planning raised its position in shares of Royce Value Trust by 7.7% in the third quarter. Creative Planning now owns 11,791 shares of the financial services provider's stock valued at $185,000 after buying an additional 842 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its stake in shares of Royce Value Trust by 5.6% during the third quarter. B. Riley Wealth Advisors Inc. now owns 19,872 shares of the financial services provider's stock valued at $308,000 after buying an additional 1,047 shares during the period. 25.57% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading
Before you consider Royce Value Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Royce Value Trust wasn't on the list.
While Royce Value Trust currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
