Royce Global Value Trust, Inc. (NYSE:RGT) Short Interest Down 66.5% in February

Royce Global Value Trust, Inc. (NYSE:RGT) was the target of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 11,700 shares, a decline of 66.5% from the January 29th total of 34,908 shares. Based on an average trading volume of 31,306 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 31,306 shares, the short-interest ratio is presently 0.4 days.

Royce Global Value Trust Price Performance

Shares of RGT stock traded down $0.12 on Thursday, reaching $14.48. 3,464 shares of the company’s stock were exchanged, compared to its average volume of 33,785. The company’s fifty day simple moving average is $13.80 and its 200 day simple moving average is $13.10. Royce Global Value Trust has a 52 week low of $9.00 and a 52 week high of $14.99.

Royce Global Value Trust Cuts Dividend

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

Institutional Investors Weigh In On Royce Global Value Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of RGT. Atlantic Union Bankshares Corp acquired a new position in Royce Global Value Trust during the 3rd quarter valued at about $27,000. Commonwealth Equity Services LLC raised its position in shares of Royce Global Value Trust by 6.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 11,828 shares of the company’s stock valued at $155,000 after purchasing an additional 745 shares during the last quarter. Wells Fargo & Company MN grew its position in 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 last quarter. D.A. Davidson & CO. increased its stake in Royce Global Value Trust by 4.5% during the 3rd quarter. D.A. Davidson & CO. now owns 22,753 shares of the company’s stock valued at $295,000 after purchasing an additional 970 shares in the last quarter. Finally, Rothschild Investment LLC lifted its stake in shares of Royce Global Value Trust by 2.4% during the second quarter. Rothschild Investment LLC now owns 36,577 shares of the company’s stock worth $440,000 after buying an additional 847 shares during the period.

About Royce Global Value Trust

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.