Royce Small-Cap Trust, Inc. (NYSE:RVT) Shares Shorted: Short Interest Down 83.4% in September

Royce Small-Cap Trust, Inc. (NYSE:RVT) saw a large decline in short interest in September. As of September 30th, there was short interest totaling 6,534 shares, a decline of 83.4% from the September 15th total of 39,407 shares. Based on an average daily trading volume, of 212,538 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Royce Small-Cap Trust Price Performance

Shares of NYSE RVT opened at $16.95 on Friday. The stock has a 50-day moving average price of $18.04 and a two-hundred day moving average price of $17.98. Royce Small-Cap Trust has a 12 month low of $14.97 and a 12 month high of $19.12.

Royce Small-Cap Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Friday, September 11th were issued a dividend of $0.33 per share. The ex-dividend date was Friday, September 11th. This is a positive change from Royce Small-Cap Trust’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 7.8%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Bank of America Corp DE purchased a new position in shares of Royce Small-Cap Trust during the second quarter valued at approximately $111,827,000. RB Capital Management LLC purchased a new stake in Royce Small-Cap Trust in the 2nd quarter valued at $3,162,000. Cetera Investment Advisers lifted its stake in Royce Small-Cap Trust by 126.5% during the 1st quarter. Cetera Investment Advisers now owns 294,684 shares of the financial services provider’s stock valued at $4,892,000 after acquiring an additional 164,578 shares in the last quarter. Evolve Private Wealth LLC bought a new position in Royce Small-Cap Trust during the 2nd quarter valued at $1,995,000. Finally, Sanctuary Advisors LLC purchased a new position in Royce Small-Cap Trust during the 2nd quarter worth $1,887,000. 25.57% of the stock is currently owned by institutional investors and hedge funds.

About Royce Small-Cap Trust

Royce Small-Cap Trust, Inc is a closed-end investment company listed on the New York Stock Exchange under the symbol RVT. The trust seeks long-term capital appreciation by investing primarily in equity securities of small-capitalization companies.

The trust’s portfolio generally includes common stocks of U.S. companies across a range of industries. Its investment approach emphasizes fundamental research and the selection of smaller businesses that Royce Investment Partners, the trust’s investment adviser, believes offer attractive long-term growth potential and strong business characteristics.

Founded in 1986, Royce Small-Cap Trust is managed as part of Royce Investment Partners’ small-cap investment platform.