Royce Small-Cap Trust, Inc. (NYSE:RVT) Stock Short Interest Jumps 504.2%

Royce Small-Cap Trust, Inc. (NYSE:RVT) was the target of a significant growth in short interest in October. As of October 30th, there was short interest totaling 30,501 shares, a growth of 504.2% from the October 15th total of 5,048 shares. Based on an average daily trading volume, of 234,973 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. First Trust Advisors LP lifted its stake in Royce Small-Cap Trust by 8.0% in the 3rd quarter. First Trust Advisors LP now owns 93,196 shares of the financial services provider’s stock valued at $1,596,000 after purchasing an additional 6,870 shares during the last quarter. TIAA CREF Individual & Institutional Services LLC grew its holdings in Royce Small-Cap Trust by 4.0% during the third quarter. TIAA CREF Individual & Institutional Services LLC now owns 16,540 shares of the financial services provider’s stock worth $283,000 after purchasing an additional 634 shares during the period. Advisors Asset Management Inc. bought a new position in Royce Small-Cap Trust during the third quarter worth about $2,715,000. Private Advisor Group LLC grew its holdings in Royce Small-Cap Trust by 17.4% during the third quarter. Private Advisor Group LLC now owns 271,400 shares of the financial services provider’s stock worth $4,649,000 after purchasing an additional 40,142 shares during the period. Finally, Independent Advisor Alliance acquired a new position in Royce Small-Cap Trust during the third quarter worth approximately $180,000. 25.57% of the stock is currently owned by institutional investors and hedge funds.

Royce Small-Cap Trust Stock Performance

NYSE RVT traded down $0.33 on Thursday, hitting $16.96. 142,359 shares of the stock were exchanged, compared to its average volume of 248,665. The business’s fifty day moving average is $17.14 and its 200 day moving average is $17.78. 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 disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Friday, September 11th were paid a dividend of $0.33 per share. The ex-dividend date was Friday, September 11th. This represents a $1.32 annualized dividend and a dividend yield of 7.8%. This is a boost from Royce Small-Cap Trust’s previous quarterly dividend of $0.31.

Royce Small-Cap Trust Company Profile

Royce Small-Cap Trust, Inc. is a closed-end investment company that seeks long-term growth of capital by investing primarily in small-capitalization companies. Its portfolio focuses on equity securities, with an emphasis on businesses in the United States. The trust has operated since 1986 and is managed by Royce Investment Partners, an investment manager specializing in small-cap companies. Its approach centers on researching and selecting individual businesses for a diversified portfolio.