Short Interest in Royce Small-Cap Trust, Inc. (NYSE:RVT) Declines By 93.9%

Royce Small-Cap Trust, Inc. (NYSE:RVT) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 14,729 shares, a drop of 93.9% from the July 15th total of 239,578 shares. Based on an average trading volume of 397,140 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Wedbush Securities Inc. grew its position in Royce Small-Cap Trust by 2.4% in the fourth quarter. Wedbush Securities Inc. now owns 24,921 shares of the financial services provider’s stock valued at $401,000 after acquiring an additional 574 shares in the last quarter. Carson Advisory Inc. lifted its position in shares of Royce Small-Cap Trust by 3.4% during the fourth quarter. Carson Advisory Inc. now owns 17,768 shares of the financial services provider’s stock worth $286,000 after purchasing an additional 576 shares in the last quarter. Kestra Advisory Services LLC lifted its position in shares of Royce Small-Cap Trust by 2.5% during the fourth quarter. Kestra Advisory Services LLC now owns 25,573 shares of the financial services provider’s stock worth $412,000 after purchasing an additional 630 shares in the last quarter. Moors & Cabot Inc. boosted its stake in shares of Royce Small-Cap Trust by 2.8% in the third quarter. Moors & Cabot Inc. now owns 24,501 shares of the financial services provider’s stock valued at $395,000 after purchasing an additional 660 shares during the period. Finally, PMG Family Office LLC boosted its stake in shares of Royce Small-Cap Trust by 2.1% in the first quarter. PMG Family Office LLC now owns 32,513 shares of the financial services provider’s stock valued at $540,000 after purchasing an additional 662 shares during the period. Institutional investors and hedge funds own 25.57% of the company’s stock.

Royce Small-Cap Trust Stock Performance

Shares of RVT traded up $0.04 on Wednesday, reaching $18.86. The stock had a trading volume of 121,970 shares, compared to its average volume of 313,183. The firm has a 50-day moving average of $18.15 and a 200 day moving average of $17.91. Royce Small-Cap Trust has a twelve month low of $14.97 and a twelve month high of $18.93.

Royce Small-Cap Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Thursday, June 11th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 6.6%. This is a positive change from Royce Small-Cap Trust’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Thursday, June 11th.

Royce Small-Cap Trust Company Profile

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.