Royce Global Value Trust, Inc. (NYSE:RGT) Sees Large Decline in Short Interest

Royce Global Value Trust, Inc. (NYSE:RGT) was the recipient of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 23,844 shares, a decline of 34.9% from the June 15th total of 36,611 shares. Based on an average daily volume of 25,094 shares, the short-interest ratio is currently 1.0 days.

Hedge Funds Weigh In On Royce Global Value Trust

Institutional investors have recently bought and sold shares of the business. Matisse Capital increased its holdings in shares of Royce Global Value Trust by 17.9% in the 4th quarter. Matisse Capital now owns 291,000 shares of the company’s stock valued at $3,815,000 after acquiring an additional 44,210 shares during the period. Shaker Financial Services LLC boosted its position in Royce Global Value Trust by 25.5% during the fourth quarter. Shaker Financial Services LLC now owns 193,069 shares of the company’s stock valued at $2,531,000 after purchasing an additional 39,254 shares in the last quarter. 1607 Capital Partners LLC bought a new stake in Royce Global Value Trust during the fourth quarter valued at about $1,279,000. Blue Bell Private Wealth Management LLC grew its stake in Royce Global Value Trust by 34.2% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 96,580 shares of the company’s stock valued at $1,266,000 after purchasing an additional 24,629 shares during the last quarter. Finally, Compound Planning Inc. grew its stake in Royce Global Value Trust by 15.9% in the fourth quarter. Compound Planning Inc. now owns 52,525 shares of the company’s stock valued at $689,000 after purchasing an additional 7,205 shares during the last quarter.

Royce Global Value Trust Stock Performance

RGT opened at $14.61 on Friday. The stock’s fifty day moving average is $14.35 and its two-hundred day moving average is $14.10. Royce Global Value Trust has a 52 week low of $11.89 and a 52 week high of $14.99.

About Royce Global Value Trust

Royce Global Value Trust, Inc is a closed-end management investment company that trades on the New York Stock Exchange under the ticker symbol RGT. Incorporated in Maryland and based in New York, the Trust seeks to provide total return through a combination of capital appreciation and current income. It achieves its objective by investing in a diversified portfolio of equity securities of domestic and foreign companies, with a focus on undervalued, out-of-favor businesses that management believes offer attractive long-term growth potential.

The Trust’s investment strategy emphasizes bottom-up stock selection, targeting primarily small- and mid-capitalization companies across developed and emerging markets.