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

Royce Small-Cap Trust, Inc. (NYSE:RVT) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 39,407 shares, a decline of 58.2% from the August 31st total of 94,208 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 183,934 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Royce Small-Cap Trust

A number of large investors have recently added to or reduced their stakes in RVT. Bank of America Corp DE grew its holdings in shares of Royce Small-Cap Trust by 1.9% in the first quarter. Bank of America Corp DE now owns 5,836,337 shares of the financial services provider’s stock valued at $96,883,000 after purchasing an additional 108,629 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in Royce Small-Cap Trust by 45.1% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 177,676 shares of the financial services provider’s stock valued at $3,282,000 after purchasing an additional 55,191 shares in the last quarter. Focused Wealth Management Inc purchased a new stake in Royce Small-Cap Trust during the second quarter valued at $1,357,000. Landscape Capital Management L.L.C. bought a new position in Royce Small-Cap Trust during the second quarter valued at $1,628,000. Finally, Comprehensive Money Management Services LLC bought a new position in Royce Small-Cap Trust during the second quarter valued at $1,292,000. Institutional investors own 25.57% of the company’s stock.

Royce Small-Cap Trust Trading Down 0.5%

Shares of Royce Small-Cap Trust stock traded down $0.08 during trading on Monday, reaching $17.19. 239,836 shares of the stock traded hands, compared to its average volume of 290,601. The business has a fifty day simple moving average of $18.24 and a two-hundred day simple moving average of $17.97. Royce Small-Cap Trust has a 52-week low of $14.97 and a 52-week high of $19.12.

Royce Small-Cap Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Friday, September 11th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, September 11th. This is a boost from Royce Small-Cap Trust’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a yield of 7.7%.

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.