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

Royce Global Value Trust, Inc. (NYSE:RGT) was the recipient of a large drop in short interest in January. As of January 15th, there was short interest totaling 7,579 shares, a drop of 31.2% from the December 31st total of 11,021 shares. Based on an average daily volume of 51,616 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 51,616 shares, the short-interest ratio is currently 0.1 days.

Royce Global Value Trust Stock Down 2.3%

RGT traded down $0.34 during mid-day trading on Friday, reaching $14.57. The stock had a trading volume of 37,659 shares, compared to its average volume of 42,353. The firm’s fifty day simple moving average is $13.20 and its two-hundred day simple moving average is $12.83. Royce Global Value Trust has a 52 week low of $9.00 and a 52 week high of $14.91.

Royce Global Value Trust Cuts Dividend

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

Insiders Place Their Bets

In other Royce Global Value Trust news, insider Charles M. Royce sold 2,533 shares of Royce Global Value Trust stock in a transaction on Friday, November 7th. The stock was sold at an average price of $12.44, for a total value of $31,510.52. Following the completion of the transaction, the insider owned 680,350 shares in the company, valued at approximately $8,463,554. The trade was a 0.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 18,996 shares of company stock worth $238,948.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Matisse Capital raised its stake in shares of Royce Global Value Trust by 557.1% during the second quarter. Matisse Capital now owns 216,469 shares of the company’s stock worth $2,604,000 after buying an additional 183,527 shares during the last quarter. Wolverine Asset Management LLC grew its holdings in Royce Global Value Trust by 29.6% during the 2nd quarter. Wolverine Asset Management LLC now owns 74,111 shares of the company’s stock worth $892,000 after acquiring an additional 16,942 shares during the period. Shaker Financial Services LLC raised its position in shares of Royce Global Value Trust by 37.6% during the 2nd quarter. Shaker Financial Services LLC now owns 154,766 shares of the company’s stock valued at $1,862,000 after acquiring an additional 42,327 shares during the last quarter. Cornerstone Advisors LLC lifted its stake in shares of Royce Global Value Trust by 41.9% in the 2nd quarter. Cornerstone Advisors LLC now owns 81,347 shares of the company’s stock valued at $979,000 after purchasing an additional 24,023 shares during the period. Finally, Rothschild Investment LLC lifted its stake 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 valued at $440,000 after purchasing an additional 847 shares during the period.

Royce Global Value Trust Company Profile

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.