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

Royce Global Value Trust, Inc. (NYSE:RGT) was the recipient of a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 11,700 shares, a decline of 66.5% from the January 29th total of 34,908 shares. Based on an average trading volume of 31,306 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 31,306 shares, the short-interest ratio is currently 0.4 days.

Royce Global Value Trust Trading Down 0.2%

Shares of Royce Global Value Trust stock traded down $0.03 during trading on Friday, reaching $14.43. The company’s stock had a trading volume of 39,011 shares, compared to its average volume of 34,103. The business’s fifty day moving average price is $13.86 and its 200-day moving average price is $13.13. Royce Global Value Trust has a one year low of $9.00 and a one year high of $14.99.

Royce Global Value Trust Cuts Dividend

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

Hedge Funds Weigh In On Royce Global Value Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Atlantic Union Bankshares Corp acquired a new position in Royce Global Value Trust during the 3rd quarter valued at $27,000. Commonwealth Equity Services LLC lifted its stake in shares of Royce Global Value Trust by 6.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 11,828 shares of the company’s stock valued at $155,000 after buying an additional 745 shares during the period. Wells Fargo & Company MN grew its position in Royce Global Value Trust by 12.9% during the fourth quarter. Wells Fargo & Company MN now owns 14,126 shares of the company’s stock worth $185,000 after buying an additional 1,617 shares in the last quarter. D.A. Davidson & CO. increased its stake in Royce Global Value Trust by 4.5% during the third quarter. D.A. Davidson & CO. now owns 22,753 shares of the company’s stock valued at $295,000 after acquiring an additional 970 shares during the period. Finally, Rothschild Investment LLC raised its holdings in 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 acquiring an additional 847 shares in the last quarter.

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.