Royce Global Value Trust, Inc. (NYSE:RGT) Short Interest Update

Royce Global Value Trust, Inc. (NYSE:RGT) saw a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 12,766 shares, a decline of 35.3% from the July 30th total of 19,717 shares. Based on an average daily trading volume, of 24,423 shares, the short-interest ratio is currently 0.5 days.

Institutional Trading of Royce Global Value Trust

Several institutional investors have recently made changes to their positions in RGT. Fifth Third Bancorp bought a new position in shares of Royce Global Value Trust during the first quarter valued at about $48,000. Commonwealth Equity Services LLC increased its stake in 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 buying an additional 745 shares during the last quarter. Wells Fargo & Company MN lifted 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 worth $185,000 after buying an additional 1,617 shares in the last quarter. Susquehanna International Group LLP boosted its stake in shares of Royce Global Value Trust by 9.8% in the 2nd quarter. Susquehanna International Group LLP now owns 17,218 shares of the company’s stock worth $245,000 after buying an additional 1,536 shares during the last quarter. Finally, Beckerman Institutional LLC grew its holdings in shares of Royce Global Value Trust by 77.3% in the first quarter. Beckerman Institutional LLC now owns 22,853 shares of the company’s stock valued at $305,000 after acquiring an additional 9,962 shares in the last quarter.

Royce Global Value Trust Trading Down 0.8%

Royce Global Value Trust stock traded down $0.13 during trading on Tuesday, hitting $15.19. 21,151 shares of the company were exchanged, compared to its average volume of 21,425. The business’s 50 day moving average is $14.90 and its 200 day moving average is $14.42. Royce Global Value Trust has a 52 week low of $12.01 and a 52 week high of $15.79.

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.