Short Interest in Royce Small-Cap Trust, Inc. (NYSE:RVT) Increases By 597.0%

Royce Small-Cap Trust, Inc. (NYSE:RVT) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 160,300 shares, an increase of 597.0% from the August 31st total of 23,000 shares. Based on an average trading volume of 287,400 shares, the short-interest ratio is presently 0.6 days. Based on an average trading volume of 287,400 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On Royce Small-Cap Trust

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE raised its stake in shares of Royce Small-Cap Trust by 0.9% during the second quarter. Bank of America Corp DE now owns 6,293,535 shares of the financial services provider’s stock valued at $94,718,000 after acquiring an additional 54,485 shares during the last quarter. Raymond James Financial Inc. raised its stake in Royce Small-Cap Trust by 6.7% in the second quarter. Raymond James Financial Inc. now owns 3,174,507 shares of the financial services provider’s stock worth $47,776,000 after buying an additional 198,905 shares in the last quarter. LPL Financial LLC raised its stake in Royce Small-Cap Trust by 52.3% in the first quarter. LPL Financial LLC now owns 1,919,691 shares of the financial services provider’s stock worth $27,336,000 after buying an additional 659,578 shares in the last quarter. Royal Bank of Canada raised its stake in Royce Small-Cap Trust by 3.1% in the first quarter. Royal Bank of Canada now owns 1,601,377 shares of the financial services provider’s stock worth $22,803,000 after buying an additional 47,759 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in Royce Small-Cap Trust by 38.0% in the second quarter. Janney Montgomery Scott LLC now owns 693,008 shares of the financial services provider’s stock worth $10,430,000 after buying an additional 190,986 shares in the last quarter. 25.57% of the stock is owned by institutional investors.

Royce Small-Cap Trust Stock Up 0.1%

Shares of NYSE:RVT opened at $16.26 on Friday. The company has a 50-day moving average price of $15.86 and a 200-day moving average price of $14.99. Royce Small-Cap Trust has a 12 month low of $12.12 and a 12 month high of $16.93.

Royce Small-Cap Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, September 12th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 7.1%. The ex-dividend date of this dividend was Friday, September 12th.

About Royce Small-Cap Trust

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.