Royce Small-Cap Trust, Inc. (NYSE:RVT) Sees Large Increase in Short Interest

Royce Small-Cap Trust, Inc. (NYSE:RVT) saw a significant growth in short interest in July. As of July 15th, there was short interest totaling 239,578 shares, a growth of 87.4% from the June 30th total of 127,876 shares. Based on an average trading volume of 359,813 shares, the short-interest ratio is currently 0.7 days. Currently, 0.2% of the shares of the company are short sold.

Royce Small-Cap Trust Stock Down 1.6%

Shares of RVT stock opened at $17.87 on Thursday. The stock’s 50-day moving average is $18.13 and its two-hundred day moving average is $17.82. Royce Small-Cap Trust has a 1 year low of $14.78 and a 1 year high of $18.88.

Royce Small-Cap Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Thursday, June 11th were given a $0.31 dividend. This is a boost from Royce Small-Cap Trust’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 6.9%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in RVT. NewEdge Advisors LLC increased its position in Royce Small-Cap Trust by 5.8% during the first quarter. NewEdge Advisors LLC now owns 53,335 shares of the financial services provider’s stock worth $759,000 after buying an additional 2,919 shares during the period. Jane Street Group LLC acquired a new stake in shares of Royce Small-Cap Trust in the first quarter valued at approximately $186,000. Cetera Investment Advisers boosted its holdings in shares of Royce Small-Cap Trust by 7.4% in the second quarter. Cetera Investment Advisers now owns 36,282 shares of the financial services provider’s stock valued at $546,000 after acquiring an additional 2,494 shares during the period. Walleye Capital LLC acquired a new stake in shares of Royce Small-Cap Trust in the second quarter valued at approximately $775,000. Finally, Brown Advisory Inc. grew its position in shares of Royce Small-Cap Trust by 69.8% during the second quarter. Brown Advisory Inc. now owns 24,801 shares of the financial services provider’s stock worth $373,000 after acquiring an additional 10,193 shares during the last quarter. Hedge funds and other institutional investors own 25.57% of the company’s stock.

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.