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

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

Royce Global Value Trust Price Performance

Shares of NYSE:RGT traded up $0.20 during trading on Monday, hitting $14.65. 5,919 shares of the stock were exchanged, compared to its average volume of 21,452. The company has a fifty day moving average price of $14.28 and a two-hundred day moving average price of $13.83. Royce Global Value Trust has a 12-month low of $11.60 and a 12-month high of $14.99.

Institutional Investors Weigh In On Royce Global Value Trust

Institutional investors and hedge funds have recently bought and sold shares of the stock. Fifth Third Bancorp purchased a new stake in Royce Global Value Trust in the 1st quarter valued at approximately $48,000. Commonwealth Equity Services LLC lifted its stake in 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 in the last quarter. Wells Fargo & Company MN lifted its stake in 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 in the last quarter. Beckerman Institutional LLC lifted its stake in Royce Global Value Trust by 77.3% in the 1st 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. purchased a new stake in Royce Global Value Trust in the 3rd quarter valued at approximately $587,000.

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.