Short Interest in Royce Global Value Trust, Inc. (NYSE:RGT) Grows By 71.1%

Royce Global Value Trust, Inc. (NYSE:RGT) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 9,840 shares, an increase of 71.1% from the May 14th total of 5,752 shares. Based on an average trading volume of 9,159 shares, the short-interest ratio is currently 1.1 days.

Institutional Investors Weigh In On Royce Global Value Trust

Large investors have recently made changes to their positions in the business. Compound Planning Inc. purchased a new stake in shares of Royce Global Value Trust during the 3rd quarter valued at $587,000. Matisse Capital increased its position in shares of Royce Global Value Trust by 17.9% during the 4th quarter. Matisse Capital now owns 291,000 shares of the company’s stock valued at $3,815,000 after purchasing an additional 44,210 shares during the last quarter. Shaker Financial Services LLC increased its position in shares of Royce Global Value Trust by 25.5% during the 4th quarter. Shaker Financial Services LLC now owns 193,069 shares of the company’s stock valued at $2,531,000 after purchasing an additional 39,254 shares during the last quarter. Fifth Third Bancorp purchased a new stake in shares of Royce Global Value Trust during the 1st quarter valued at $48,000. Finally, Wells Fargo & Company MN increased its position in shares of 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 valued at $185,000 after purchasing an additional 1,617 shares during the last quarter.

Royce Global Value Trust Price Performance

NYSE:RGT traded down $0.10 during trading hours on Tuesday, hitting $14.56. 45,888 shares of the company traded hands, compared to its average volume of 21,667. Royce Global Value Trust has a one year low of $11.60 and a one year high of $14.99. The firm’s 50-day simple moving average is $14.32 and its 200-day simple moving average is $13.86.

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.