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

Royce Small-Cap Trust, Inc. (NYSE:RVT) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 144,378 shares, a growth of 80.9% from the December 31st total of 79,820 shares. Based on an average daily volume of 521,839 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are short sold. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 521,839 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On Royce Small-Cap Trust

A number of institutional investors have recently added to or reduced their stakes in the company. Cornerstone Advisors LLC grew its holdings in Royce Small-Cap Trust by 476.3% during the third quarter. Cornerstone Advisors LLC now owns 685,519 shares of the financial services provider’s stock worth $11,057,000 after acquiring an additional 566,576 shares during the period. Paller Financial Services Inc acquired a new position in shares of Royce Small-Cap Trust in the 4th quarter worth approximately $5,106,000. Shaker Financial Services LLC lifted its stake in Royce Small-Cap Trust by 105.7% during the second quarter. Shaker Financial Services LLC now owns 585,074 shares of the financial services provider’s stock valued at $8,805,000 after purchasing an additional 300,677 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in Royce Small-Cap Trust by 6.7% during the second quarter. Raymond James Financial Inc. now owns 3,174,507 shares of the financial services provider’s stock worth $47,776,000 after buying an additional 198,905 shares in the last quarter. Finally, Waterfront Wealth Inc. grew its position in Royce Small-Cap Trust by 41.1% in the third quarter. Waterfront Wealth Inc. now owns 679,108 shares of the financial services provider’s stock worth $10,786,000 after buying an additional 197,680 shares during the last quarter. 25.57% of the stock is currently owned by institutional investors and hedge funds.

Royce Small-Cap Trust Trading Down 0.6%

NYSE RVT traded down $0.11 on Friday, hitting $17.34. 300,065 shares of the stock traded hands, compared to its average volume of 528,017. Royce Small-Cap Trust has a twelve month low of $12.12 and a twelve month high of $17.70. The stock has a 50-day moving average of $16.58 and a 200 day moving average of $16.10.

Royce Small-Cap Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Thursday, December 11th were paid a dividend of $0.54 per share. This is an increase from Royce Small-Cap Trust’s previous quarterly dividend of $0.29. This represents a $2.16 dividend on an annualized basis and a dividend yield of 12.5%. The ex-dividend date was Thursday, December 11th.

Royce Small-Cap Trust Company Profile

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.