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

Royce Global Value Trust, Inc. (NYSE:RGT) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 11,021 shares, a growth of 191.3% from the December 15th total of 3,783 shares. Based on an average daily trading volume, of 21,271 shares, the short-interest ratio is presently 0.5 days. Based on an average daily trading volume, of 21,271 shares, the short-interest ratio is presently 0.5 days.

Insider Activity

In related news, insider Charles M. Royce sold 2,533 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $12.44, for a total transaction of $31,510.52. Following the sale, the insider directly owned 680,350 shares in the company, valued at approximately $8,463,554. This trade represents a 0.37% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 18,996 shares of company stock valued at $238,948 in the last ninety days.

Institutional Trading of Royce Global Value Trust

Large investors have recently modified their holdings of the business. Matisse Capital boosted its holdings in Royce Global Value Trust by 14.0% in the third quarter. Matisse Capital now owns 246,790 shares of the company’s stock worth $3,196,000 after purchasing an additional 30,321 shares during the period. Shaker Financial Services LLC lifted its position in shares of Royce Global Value Trust by 37.6% in the 2nd quarter. Shaker Financial Services LLC now owns 154,766 shares of the company’s stock worth $1,862,000 after buying an additional 42,327 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of Royce Global Value Trust by 1.2% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 97,921 shares of the company’s stock worth $1,268,000 after buying an additional 1,200 shares during the last quarter. Cornerstone Advisors LLC boosted its holdings in shares of Royce Global Value Trust by 41.9% in the 2nd quarter. Cornerstone Advisors LLC now owns 81,347 shares of the company’s stock valued at $979,000 after buying an additional 24,023 shares during the period. Finally, Wolverine Asset Management LLC grew its position in shares of Royce Global Value Trust by 29.6% during the 2nd quarter. Wolverine Asset Management LLC now owns 74,111 shares of the company’s stock valued at $892,000 after buying an additional 16,942 shares during the last quarter.

Royce Global Value Trust Stock Up 0.4%

NYSE:RGT traded up $0.06 during trading hours on Tuesday, hitting $13.56. The stock had a trading volume of 100,390 shares, compared to its average volume of 50,383. The business has a 50 day simple moving average of $12.77 and a two-hundred day simple moving average of $12.68. Royce Global Value Trust has a 1-year low of $9.00 and a 1-year high of $13.66.

Royce Global Value Trust Cuts Dividend

The company also recently declared an annual dividend, which was paid on Wednesday, December 24th. Investors of record on Thursday, December 11th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Thursday, December 11th. This represents a yield of 148.0%.

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.