Royce Global Value Trust, Inc. (NYSE:RGT) Sees Large Increase in Short Interest

Royce Global Value Trust, Inc. (NYSE:RGT) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 9,840 shares, an increase of 71.1% from the May 14th total of 5,752 shares. Based on an average daily trading volume, of 9,159 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Investors Weigh In On Royce Global Value Trust

A number of hedge funds have recently added to or reduced their stakes in the company. Fifth Third Bancorp acquired a new position in Royce Global Value Trust during the 1st quarter worth approximately $48,000. Commonwealth Equity Services LLC lifted its holdings in shares of Royce Global Value Trust by 6.7% in the 4th 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 lifted its holdings in shares of Royce Global Value Trust by 12.9% in the 4th quarter. Wells Fargo & Company MN now owns 14,126 shares of the company’s stock valued at $185,000 after buying an additional 1,617 shares during the period. Beckerman Institutional LLC boosted its stake in shares of Royce Global Value Trust by 77.3% in the first quarter. Beckerman Institutional LLC now owns 22,853 shares of the company’s stock valued at $305,000 after buying an additional 9,962 shares in the last quarter. Finally, Compound Planning Inc. acquired a new position in Royce Global Value Trust during the third quarter worth $587,000.

Royce Global Value Trust Stock Up 0.4%

Shares of RGT stock traded up $0.06 during mid-day trading on Wednesday, hitting $14.56. The stock had a trading volume of 3,733 shares, compared to its average volume of 21,510. The company’s 50-day simple moving average is $14.32 and its 200-day simple moving average is $13.86. Royce Global Value Trust has a fifty-two week low of $11.63 and a fifty-two week high of $14.99.

Royce Global Value Trust Company Profile

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.