Royce Value Trust Inc. (NYSE:RVT) Short Interest Update

Royce Value Trust Inc. (NYSE:RVT) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 203,800 shares, a growth of 70.4% from the November 30th total of 119,600 shares. Based on an average daily trading volume, of 235,100 shares, the short-interest ratio is presently 0.9 days.

Shares of NYSE RVT traded down $0.70 during midday trading on Wednesday, reaching $18.86. 419,394 shares of the stock were exchanged, compared to its average volume of 424,865. The firm has a 50 day moving average of $19.09. Royce Value Trust has a twelve month low of $16.09 and a twelve month high of $20.00.

The company also recently declared a quarterly dividend, which was paid on Thursday, December 23rd. Stockholders of record on Monday, December 13th were issued a dividend of $0.48 per share. The ex-dividend date was Friday, December 10th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.18%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE boosted its position in shares of Royce Value Trust by 6.9% during the 2nd quarter. Bank of America Corp DE now owns 3,930,474 shares of the financial services provider’s stock worth $74,561,000 after purchasing an additional 252,504 shares during the period. Royal Bank of Canada boosted its position in shares of Royce Value Trust by 25.0% during the 3rd quarter. Royal Bank of Canada now owns 766,569 shares of the financial services provider’s stock worth $13,813,000 after purchasing an additional 153,213 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in shares of Royce Value Trust by 11.4% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 1,433,278 shares of the financial services provider’s stock worth $25,828,000 after purchasing an additional 146,843 shares during the period. LPL Financial LLC boosted its position in shares of Royce Value Trust by 38.7% during the 3rd quarter. LPL Financial LLC now owns 484,003 shares of the financial services provider’s stock worth $8,722,000 after purchasing an additional 135,063 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in shares of Royce Value Trust by 56.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 272,976 shares of the financial services provider’s stock worth $4,919,000 after purchasing an additional 98,780 shares during the period. Institutional investors and hedge funds own 27.52% of the company’s stock.

About Royce Value Trust

Royce Value Trust Inc is a close ended equity mutual fund launched and managed by Royce & Associates, LLC. It invests in the public equity markets of the United States. The fund spreads its investments across diversified sectors. It invests in value oriented stocks of small cap and micro cap companies.

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