Short Interest in Royce Global Value Trust, Inc. (NYSE:RGT) Increases By 191.3%

Royce Global Value Trust, Inc. (NYSE:RGT) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 11,021 shares, a growth of 191.3% from the December 15th total of 3,783 shares. Based on an average daily trading volume, of 21,271 shares, the short-interest ratio is presently 0.5 days. Based on an average daily trading volume, of 21,271 shares, the short-interest ratio is presently 0.5 days.

Insider Activity at Royce Global Value Trust

In related news, insider Charles M. Royce sold 8,432 shares of the business’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $12.61, for a total value of $106,327.52. Following the sale, the insider directly owned 690,914 shares in the company, valued at approximately $8,712,425.54. The trade was a 1.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders sold 18,996 shares of company stock worth $238,948.

Institutional Trading of Royce Global Value Trust

Institutional investors and hedge funds have recently modified their holdings of the business. Atlantic Union Bankshares Corp purchased a new position in shares of Royce Global Value Trust during the third quarter worth about $27,000. D.A. Davidson & CO. grew its stake in Royce Global Value Trust by 4.5% in the 3rd quarter. D.A. Davidson & CO. now owns 22,753 shares of the company’s stock worth $295,000 after buying an additional 970 shares in the last quarter. Rothschild Investment LLC increased its holdings in shares of Royce Global Value Trust by 2.4% in the 2nd quarter. Rothschild Investment LLC now owns 36,577 shares of the company’s stock worth $440,000 after buying an additional 847 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in shares of Royce Global Value Trust during the 3rd quarter valued at $587,000. Finally, Compound Planning Inc. bought a new stake in shares of Royce Global Value Trust during the 3rd quarter worth $587,000.

Royce Global Value Trust Stock Up 0.9%

NYSE:RGT traded up $0.13 during trading hours on Thursday, hitting $13.73. The stock had a trading volume of 16,625 shares, compared to its average volume of 46,152. The company has a 50 day simple moving average of $12.81 and a two-hundred day simple moving average of $12.70. Royce Global Value Trust has a one year low of $9.00 and a one year high of $13.74.

Royce Global Value Trust Cuts Dividend

The firm also recently disclosed an annual dividend, which was paid on Wednesday, December 24th. Investors of record on Thursday, December 11th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Thursday, December 11th. This represents a yield of 148.0%.

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.