Royce Small-Cap Trust, Inc. (NYSE:RVT) Short Interest Update

Royce Small-Cap Trust, Inc. (NYSE:RVT) saw a significant growth in short interest in July. As of July 15th, there was short interest totaling 239,578 shares, a growth of 87.4% from the June 30th total of 127,876 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 359,813 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Investors Weigh In On Royce Small-Cap Trust

Several institutional investors and hedge funds have recently made changes to their positions in RVT. Whitener Capital Management Inc. increased its position in shares of Royce Small-Cap Trust by 14.3% during the 2nd quarter. Whitener Capital Management Inc. now owns 60,929 shares of the financial services provider’s stock worth $1,125,000 after purchasing an additional 7,637 shares in the last quarter. Bay Rivers Group boosted its position in Royce Small-Cap Trust by 4.0% in the second quarter. Bay Rivers Group now owns 53,475 shares of the financial services provider’s stock valued at $988,000 after buying an additional 2,050 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in Royce Small-Cap Trust by 45.1% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 177,676 shares of the financial services provider’s stock worth $3,282,000 after buying an additional 55,191 shares during the last quarter. Western Wealth Management LLC bought a new stake in Royce Small-Cap Trust during the first quarter worth about $28,000. Finally, Bank of America Corp DE increased its holdings in shares of Royce Small-Cap Trust by 1.9% during the first quarter. Bank of America Corp DE now owns 5,836,337 shares of the financial services provider’s stock worth $96,883,000 after buying an additional 108,629 shares in the last quarter. Institutional investors and hedge funds own 25.57% of the company’s stock.

Royce Small-Cap Trust Trading Up 0.5%

Shares of RVT traded up $0.10 during mid-day trading on Friday, reaching $18.09. The company had a trading volume of 244,063 shares, compared to its average volume of 319,896. Royce Small-Cap Trust has a twelve month low of $14.78 and a twelve month high of $18.88. The company’s 50-day moving average is $18.13 and its 200-day moving average is $17.83.

Royce Small-Cap Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Thursday, June 11th were paid a dividend of $0.31 per share. This is an increase from Royce Small-Cap Trust’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a yield of 6.9%. The ex-dividend date was Thursday, June 11th.

About Royce Small-Cap Trust

Royce Small-Cap Trust (NYSE:RVT) is a closed-end management investment company that seeks to provide investors with long-term capital appreciation by investing primarily in the common stocks of small-capitalization companies. The trust is structured to trade on the New York Stock Exchange, offering shares that represent an undivided interest in a diversified portfolio of U.S. small-cap equities. As a closed-end vehicle, the fund may employ leverage to enhance returns and reinvest dividends to support growth over time.

The trust’s investment strategy is driven by fundamental, bottom-up research, focusing on companies with market capitalizations typically falling within the small-cap spectrum.