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

Royce Global Value Trust, Inc. (NYSE:RGT) was the recipient of a large growth in short interest in October. As of October 30th, there was short interest totaling 11,153 shares, a growth of 134.6% from the October 15th total of 4,754 shares. Based on an average daily trading volume, of 20,770 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On Royce Global Value Trust

Several institutional investors and hedge funds have recently made changes to their positions in RGT. Atlas Wealth LLC grew its holdings in Royce Global Value Trust by 17.8% during the third quarter. Atlas Wealth LLC now owns 510,724 shares of the company’s stock worth $7,273,000 after acquiring an additional 77,280 shares during the period. Shaker Financial Services LLC raised its holdings in Royce Global Value Trust by 3.6% in the 3rd quarter. Shaker Financial Services LLC now owns 189,057 shares of the company’s stock worth $2,692,000 after purchasing an additional 6,549 shares during the period. Blue Bell Private Wealth Management LLC raised its holdings in Royce Global Value Trust by 9.6% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 130,924 shares of the company’s stock worth $1,864,000 after purchasing an additional 11,470 shares during the period. Beckerman Institutional LLC raised its holdings in Royce Global Value Trust by 18.3% in the 3rd quarter. Beckerman Institutional LLC now owns 50,867 shares of the company’s stock worth $724,000 after purchasing an additional 7,866 shares during the period. Finally, Tidal Investments LLC boosted its position in Royce Global Value Trust by 5.3% during the second quarter. Tidal Investments LLC now owns 30,535 shares of the company’s stock worth $435,000 after purchasing an additional 1,539 shares in the last quarter.

Royce Global Value Trust Stock Down 1.4%

RGT stock opened at $15.08 on Friday. Royce Global Value Trust has a 12 month low of $12.01 and a 12 month high of $15.79. The firm’s 50-day moving average is $14.51 and its 200 day moving average is $14.45.

About Royce Global Value Trust

Royce Global Value Trust, Inc. (NYSE:RGT) is a closed-end investment company that seeks long-term growth of capital by investing primarily in equity securities of companies located around the world. The fund emphasizes small-capitalization businesses that its investment adviser believes are undervalued relative to their underlying business prospects. RGT provides investors with a diversified portfolio of global value-oriented equities, including holdings in the United States and international markets.