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

Royce Small-Cap Trust, Inc. (NYSE:RVT) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 94,208 shares, a growth of 217.5% from the August 15th total of 29,674 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 171,927 shares, the days-to-cover ratio is currently 0.5 days.

Royce Small-Cap Trust Trading Down 0.9%

NYSE:RVT traded down $0.15 during mid-day trading on Friday, hitting $17.75. 176,260 shares of the company’s stock traded hands, compared to its average volume of 165,022. The company has a fifty day moving average of $18.38 and a 200 day moving average of $18.02. Royce Small-Cap Trust has a twelve month low of $14.97 and a twelve month high of $19.12.

Royce Small-Cap Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Friday, September 11th will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend is Friday, September 11th. This is an increase from Royce Small-Cap Trust’s previous quarterly dividend of $0.31.

Institutional Trading of Royce Small-Cap Trust

A number of institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE purchased a new stake in shares of Royce Small-Cap Trust in the 2nd quarter valued at $111,827,000. Morgan Stanley boosted its position in Royce Small-Cap Trust by 9.1% during the fourth quarter. Morgan Stanley now owns 6,252,497 shares of the financial services provider’s stock worth $100,665,000 after purchasing an additional 519,959 shares in the last quarter. Raymond James Financial Inc. grew its stake in Royce Small-Cap Trust by 6.7% in 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 acquiring an additional 198,905 shares during the period. LPL Financial LLC increased its stake in shares of Royce Small-Cap Trust by 9.4% during the fourth quarter. LPL Financial LLC now owns 2,257,033 shares of the financial services provider’s stock worth $36,338,000 after purchasing an additional 194,412 shares in the last quarter. Finally, Altium Capital Management LLC purchased a new position in shares of Royce Small-Cap Trust in the fourth quarter valued at approximately $3,099,000. 25.57% of the stock is currently owned by institutional investors and hedge funds.

Royce Small-Cap Trust Company Profile

Royce Small-Cap Trust (NYSE: RVT) is a diversified, closed-end investment fund focused on long-term capital growth through investments in small-cap companies. The fund primarily invests in equity securities of U.S. small-cap businesses across a range of industries and sectors.

RVT is managed by Royce Investment Partners, an investment management firm specializing in small-cap and mid-cap equities. The portfolio generally emphasizes companies that the manager believes have attractive business characteristics, growth potential, financial strength, or favorable valuations.