Royce Small-Cap Trust, Inc. (NYSE:RVT) Short Interest Down 26.1% in April

Royce Small-Cap Trust, Inc. (NYSE:RVT) was the target of a large drop in short interest during the month of April. As of April 15th, there was short interest totaling 245,448 shares, a drop of 26.1% from the March 31st total of 332,333 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 191,495 shares, the short-interest ratio is currently 1.3 days.

Insider Transactions at Royce Small-Cap Trust

In other news, President Christopher D. Clark purchased 4,500 shares of the business’s stock in a transaction on Tuesday, March 24th. The shares were acquired at an average price of $16.69 per share, with a total value of $75,105.00. Following the acquisition, the president directly owned 47,235 shares in the company, valued at approximately $788,352.15. The trade was a 10.53% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.08% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Royce Small-Cap Trust

Institutional investors and hedge funds have recently made changes to their positions in the company. Waterfront Wealth Inc. increased its position in shares of Royce Small-Cap Trust by 41.1% during the third quarter. Waterfront Wealth Inc. now owns 679,108 shares of the financial services provider’s stock valued at $10,786,000 after acquiring an additional 197,680 shares in the last quarter. Blue Bell Private Wealth Management LLC lifted its position in Royce Small-Cap Trust by 14.5% during the third quarter. Blue Bell Private Wealth Management LLC now owns 563,372 shares of the financial services provider’s stock valued at $9,087,000 after purchasing an additional 71,196 shares during the period. TrueMark Investments LLC bought a new position in Royce Small-Cap Trust during the third quarter valued at approximately $1,114,000. Cornerstone Advisors LLC lifted its position in Royce Small-Cap Trust by 476.3% during the third quarter. Cornerstone Advisors LLC now owns 685,519 shares of the financial services provider’s stock valued at $11,057,000 after purchasing an additional 566,576 shares during the period. Finally, Paller Financial Services Inc bought a new position in Royce Small-Cap Trust during the fourth quarter valued at approximately $5,106,000. Institutional investors own 25.57% of the company’s stock.

Royce Small-Cap Trust Price Performance

Royce Small-Cap Trust stock traded down $0.11 during trading hours on Wednesday, reaching $18.12. The stock had a trading volume of 145,619 shares, compared to its average volume of 320,897. Royce Small-Cap Trust has a 52 week low of $13.58 and a 52 week high of $18.73. The company has a fifty day simple moving average of $17.51 and a 200-day simple moving average of $16.87.

Royce Small-Cap Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Thursday, March 12th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 6.6%. The ex-dividend date was Thursday, March 12th.

About Royce Small-Cap Trust

Royce Small-Cap Trust (NYSE:RVT) is a closed-end management investment company that seeks to provide investors with long-term capital appreciation by investing primarily in the common stocks of small-capitalization companies. The trust is structured to trade on the New York Stock Exchange, offering shares that represent an undivided interest in a diversified portfolio of U.S. small-cap equities. As a closed-end vehicle, the fund may employ leverage to enhance returns and reinvest dividends to support growth over time.

The trust’s investment strategy is driven by fundamental, bottom-up research, focusing on companies with market capitalizations typically falling within the small-cap spectrum.