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

Royce Small-Cap Trust, Inc. (NYSE:RVT) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 83,212 shares, a growth of 65.1% from the November 30th total of 50,412 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 365,198 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 365,198 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Intrepid Family Office LLC acquired a new position in shares of Royce Small-Cap Trust in the second quarter valued at $752,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Royce Small-Cap Trust by 16.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 184,744 shares of the financial services provider’s stock worth $2,780,000 after buying an additional 26,570 shares during the period. Wolverine Asset Management LLC boosted its holdings in shares of Royce Small-Cap Trust by 1,982.4% during the 2nd quarter. Wolverine Asset Management LLC now owns 163,139 shares of the financial services provider’s stock worth $2,455,000 after buying an additional 155,305 shares during the period. Envestnet Asset Management Inc. grew its stake in Royce Small-Cap Trust by 25.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 29,640 shares of the financial services provider’s stock valued at $446,000 after buying an additional 6,051 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in Royce Small-Cap Trust by 38.0% in the 2nd quarter. Janney Montgomery Scott LLC now owns 693,008 shares of the financial services provider’s stock valued at $10,430,000 after acquiring an additional 190,986 shares during the period. 25.57% of the stock is owned by institutional investors and hedge funds.

Royce Small-Cap Trust Trading Down 0.3%

NYSE:RVT traded down $0.05 during mid-day trading on Friday, hitting $16.27. The stock had a trading volume of 141,336 shares, compared to its average volume of 295,982. Royce Small-Cap Trust has a twelve month low of $12.12 and a twelve month high of $16.87. The company’s 50 day simple moving average is $16.00 and its 200 day simple moving average is $15.77.

Royce Small-Cap Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Thursday, December 11th were given a $0.54 dividend. The ex-dividend date of this dividend was Thursday, December 11th. This is a positive change 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 13.3%.

About Royce Small-Cap Trust

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.