Royce Small-Cap Trust, Inc. (NYSE:RVT) Sees Significant Growth in Short Interest

Royce Small-Cap Trust, Inc. (NYSE:RVT) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 29,674 shares, a growth of 101.5% from the July 30th total of 14,729 shares. Based on an average daily trading volume, of 192,855 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Investors Weigh In On Royce Small-Cap Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RVT. Bank of America Corp DE lifted its stake in shares of Royce Small-Cap Trust by 0.9% in the 2nd quarter. Bank of America Corp DE now owns 6,293,535 shares of the financial services provider’s stock valued at $94,718,000 after purchasing an additional 54,485 shares during the last quarter. Morgan Stanley increased its position in shares of Royce Small-Cap Trust by 9.1% during the 4th quarter. Morgan Stanley now owns 6,252,497 shares of the financial services provider’s stock valued at $100,665,000 after purchasing an additional 519,959 shares during the last quarter. Raymond James Financial Inc. raised its holdings in Royce Small-Cap Trust by 6.7% during the 2nd quarter. Raymond James Financial Inc. now owns 3,174,507 shares of the financial services provider’s stock valued at $47,776,000 after buying an additional 198,905 shares during the period. LPL Financial LLC raised its holdings in Royce Small-Cap Trust by 9.4% during the 4th quarter. LPL Financial LLC now owns 2,257,033 shares of the financial services provider’s stock valued at $36,338,000 after buying an additional 194,412 shares during the period. Finally, Royal Bank of Canada lifted its position in Royce Small-Cap Trust by 0.8% in the first quarter. Royal Bank of Canada now owns 1,624,774 shares of the financial services provider’s stock worth $26,971,000 after buying an additional 13,087 shares during the last quarter. 25.57% of the stock is currently owned by hedge funds and other institutional investors.

Royce Small-Cap Trust Stock Performance

Shares of NYSE RVT opened at $18.59 on Monday. The firm’s 50-day moving average price is $18.38 and its 200-day moving average price is $18.02. Royce Small-Cap Trust has a 12-month low of $14.97 and a 12-month high of $19.12.

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.