Royce Small-Cap Trust, Inc. (NYSE:RVT) Short Interest Update

Royce Small-Cap Trust, Inc. (NYSE:RVT) was the target of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 548,009 shares, an increase of 44.4% from the February 12th total of 379,489 shares. Based on an average daily volume of 268,832 shares, the days-to-cover ratio is presently 2.0 days. Approximately 0.5% of the shares of the stock are short sold. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily volume of 268,832 shares, the days-to-cover ratio is presently 2.0 days.

Hedge Funds Weigh In On Royce Small-Cap Trust

Hedge funds have recently added to or reduced their stakes in the stock. Cornerstone Advisors LLC lifted its holdings in shares of Royce Small-Cap Trust by 476.3% in 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 in the last quarter. Morgan Stanley raised its position in Royce Small-Cap Trust by 9.1% in the 4th quarter. Morgan Stanley now owns 6,252,497 shares of the financial services provider’s stock valued at $100,665,000 after buying an additional 519,959 shares during the last quarter. Paller Financial Services Inc acquired a new position in Royce Small-Cap Trust during the 4th quarter worth approximately $5,106,000. Raymond James Financial Inc. boosted its position in Royce Small-Cap Trust by 6.7% during the 2nd quarter. Raymond James Financial Inc. now owns 3,174,507 shares of the financial services provider’s stock worth $47,776,000 after acquiring an additional 198,905 shares during the last quarter. Finally, Waterfront Wealth Inc. raised its holdings in shares of Royce Small-Cap Trust by 41.1% in the third quarter. Waterfront Wealth Inc. now owns 679,108 shares of the financial services provider’s stock valued at $10,786,000 after purchasing an additional 197,680 shares during the last quarter. Institutional investors and hedge funds own 25.57% of the company’s stock.

Royce Small-Cap Trust Trading Down 1.8%

Shares of NYSE RVT opened at $16.44 on Friday. Royce Small-Cap Trust has a 12-month low of $12.12 and a 12-month high of $18.73. The firm’s 50-day simple moving average is $17.61 and its 200 day simple moving average is $16.61.

Royce Small-Cap Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Thursday, March 12th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date is 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.