Royce Value Trust Inc. (NYSE:RVT) Short Interest Update

Royce Value Trust Inc. (NYSE:RVT) experienced a notable decrease in short interest during January. On January 15th, the total short interest was recorded at 230,200 shares, marking a decrease of 13.8% from the December 31st figure of 267,000 shares. With an average daily trading volume of 278,600 shares, the current days-to-cover ratio stands at 0.8 days.

Recent Trading Activity

On Friday, shares of NYSE RVT declined by 0.7%, dropping by $0.12 to reach $16.31. The trading volume was reported at 158,919 shares, significantly lower than the average volume of 249,096 shares. Over the past year, Royce Value Trust has seen a low of $13.78 and a high of $16.93. The company's 50-day moving average is $16.16, while the 200-day moving average stands at $15.72.

Dividend Information

The company has recently announced a quarterly dividend which was paid out on December 23rd. Shareholders who were on record as of December 12th received a dividend of $0.44. The ex-dividend date for this payment was also December 12th. This distribution equates to an annualized dividend of $1.76, yielding an impressive rate of 10.79%.

Institutional Investment Trends

There have been recent shifts in positions held by institutional investors in Royce Value Trust. Future Financial Wealth Management LLC established a new position in the third quarter valued at approximately $78,000. In the fourth quarter, DAVENPORT & Co LLC also entered a new stake valued at about $165,000. Additionally, Creative Planning increased its holding in the fund by 7.7% in the third quarter, owning now 11,791 shares worth $185,000 after acquiring another 842 shares. EP Wealth Advisors LLC and B&L Asset Management LLC also made significant new investments in Royce Value Trust during the same period. Overall, institutional investors and hedge funds own about 25.57% of the stock.

Company Overview

Royce Value Trust Inc. is a close-ended equity mutual fund created and managed by Royce & Associates, LLC. The fund focuses its investments in the public equity markets of the United States, diversifying across various sectors. It specializes in investing in value-oriented stocks of small cap and micro cap companies.

Royce, Trust, Investment