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

Royce Global Value Trust, Inc. (NYSE:RGT) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 9,840 shares, an increase of 71.1% from the May 14th total of 5,752 shares. Based on an average daily trading volume, of 9,159 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Fifth Third Bancorp purchased a new position in shares of Royce Global Value Trust during the 1st quarter worth $48,000. Commonwealth Equity Services LLC lifted its stake in shares of Royce Global Value Trust by 6.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 11,828 shares of the company’s stock worth $155,000 after purchasing an additional 745 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Royce Global Value Trust by 12.9% during the 4th quarter. Wells Fargo & Company MN now owns 14,126 shares of the company’s stock worth $185,000 after purchasing an additional 1,617 shares during the period. Beckerman Institutional LLC lifted its stake in shares of Royce Global Value Trust by 77.3% during the 1st quarter. Beckerman Institutional LLC now owns 22,853 shares of the company’s stock worth $305,000 after purchasing an additional 9,962 shares during the period. Finally, Compound Planning Inc. purchased a new position in shares of Royce Global Value Trust during the 3rd quarter worth $587,000.

Royce Global Value Trust Trading Up 1.3%

Shares of Royce Global Value Trust stock traded up $0.20 during trading hours on Monday, reaching $14.65. 5,919 shares of the company’s stock were exchanged, compared to its average volume of 21,452. Royce Global Value Trust has a 52-week low of $11.60 and a 52-week high of $14.99. The company has a fifty day moving average of $14.28 and a 200-day moving average of $13.83.

Royce Global Value Trust Company Profile

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.