Royce Small-Cap Trust, Inc. (NYSE:RVT) Stock Short Interest Report for October

Royce Small-Cap Trust, Inc. (NYSE:RVT) saw a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 30,501 shares, an increase of 504.2% from the October 15th total of 5,048 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 234,973 shares, the days-to-cover ratio is presently 0.1 days.

Royce Small-Cap Trust Price Performance

NYSE:RVT traded up $0.13 on Wednesday, reaching $17.30. The company’s stock had a trading volume of 42,088 shares, compared to its average volume of 284,266. Royce Small-Cap Trust has a 12-month low of $14.97 and a 12-month high of $19.12. The stock has a 50 day moving average price of $17.18 and a 200 day moving average price of $17.79.

Royce Small-Cap Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Friday, September 11th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 7.6%. This is a boost from Royce Small-Cap Trust’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Friday, September 11th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Private Advisor Group LLC lifted its holdings in shares of Royce Small-Cap Trust by 17.4% in the 3rd quarter. Private Advisor Group LLC now owns 271,400 shares of the financial services provider’s stock worth $4,649,000 after acquiring an additional 40,142 shares during the last quarter. Independent Advisor Alliance purchased a new stake in shares of Royce Small-Cap Trust in the 3rd quarter valued at $180,000. Rothschild Investment LLC raised its holdings in shares of Royce Small-Cap Trust by 5.6% in the 3rd quarter. Rothschild Investment LLC now owns 264,930 shares of the financial services provider’s stock valued at $4,538,000 after buying an additional 14,158 shares during the period. Fifth Third Bancorp raised its holdings in shares of Royce Small-Cap Trust by 9.9% in the 3rd quarter. Fifth Third Bancorp now owns 80,766 shares of the financial services provider’s stock valued at $1,384,000 after buying an additional 7,262 shares during the period. Finally, Jacobi Capital Management LLC acquired a new position in Royce Small-Cap Trust during the 3rd quarter worth about $132,000. Hedge funds and other institutional investors own 25.57% of the company’s stock.

About Royce Small-Cap Trust

Royce Small-Cap Trust, Inc. is a closed-end investment company that seeks long-term growth of capital by investing primarily in small-capitalization companies. Its portfolio focuses on equity securities, with an emphasis on businesses in the United States. The trust has operated since 1986 and is managed by Royce Investment Partners, an investment manager specializing in small-cap companies. Its approach centers on researching and selecting individual businesses for a diversified portfolio.