Royce Small-Cap Trust, Inc. (NYSE:RVT) Short Interest Up 65.1% in December

Royce Small-Cap Trust, Inc. (NYSE:RVT) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 83,212 shares, an increase of 65.1% from the November 30th total of 50,412 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 365,198 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 365,198 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Royce Small-Cap Trust Trading Down 0.1%

Royce Small-Cap Trust stock traded down $0.01 during midday trading on Tuesday, reaching $16.18. The stock had a trading volume of 93,698 shares, compared to its average volume of 272,175. Royce Small-Cap Trust has a 12 month low of $12.12 and a 12 month high of $16.87. The firm’s 50-day moving average price is $16.01 and its 200 day moving average price is $15.78.

Royce Small-Cap Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Thursday, December 11th were paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 13.3%. The ex-dividend date was Thursday, December 11th. This is an increase from Royce Small-Cap Trust’s previous quarterly dividend of $0.29.

Institutional Trading of Royce Small-Cap Trust

A number of institutional investors have recently added to or reduced their stakes in RVT. CWM LLC bought a new stake in Royce Small-Cap Trust during the 2nd quarter worth approximately $25,000. Newbridge Financial Services Group Inc. bought a new position in shares of Royce Small-Cap Trust in the second quarter worth $28,000. Westfuller Advisors LLC bought a new position in shares of Royce Small-Cap Trust in the third quarter worth $29,000. Quent Capital LLC purchased a new stake in shares of Royce Small-Cap Trust in the third quarter worth $46,000. Finally, Coastline Trust Co bought a new stake in Royce Small-Cap Trust during the third quarter valued at $48,000. 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.