Royce Small-Cap Trust, Inc. (NYSE:RVT) Stock Short Interest Report for October

Royce Small-Cap Trust, Inc. (NYSE:RVT) was the recipient of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 30,501 shares, an increase of 504.2% from the October 15th total of 5,048 shares. Based on an average daily volume of 234,973 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Royce Small-Cap Trust Trading Up 0.7%

Royce Small-Cap Trust stock traded up $0.13 during midday trading on Wednesday, reaching $17.30. The company had a trading volume of 42,088 shares, compared to its average volume of 284,266. Royce Small-Cap Trust has a 12-month low of $14.97 and a 12-month high of $19.12. The firm’s fifty day simple moving average is $17.18 and its 200-day simple moving average is $17.79.

Royce Small-Cap Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Friday, September 11th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 7.6%. This is a boost from Royce Small-Cap Trust’s previous quarterly dividend of $0.31. The ex-dividend date was Friday, September 11th.

Institutional Trading of Royce Small-Cap Trust

A number of institutional investors have recently made changes to their positions in the company. Western Wealth Management LLC acquired a new position in Royce Small-Cap Trust in the 1st quarter valued at $28,000. Eastern Bank acquired a new position in shares of Royce Small-Cap Trust during the 3rd quarter worth approximately $29,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Royce Small-Cap Trust in the second quarter valued at approximately $35,000. Assetmark Inc. grew its position in shares of Royce Small-Cap Trust by 176.4% in the first quarter. Assetmark Inc. now owns 3,701 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 2,362 shares in the last quarter. Finally, Pingora Partners LLC purchased a new stake in shares of Royce Small-Cap Trust in the second quarter valued at approximately $67,000. 25.57% of the stock is owned by institutional investors and hedge funds.

About Royce Small-Cap Trust

Royce Small-Cap Trust, Inc. is a closed-end investment company that seeks long-term growth of capital by investing primarily in small-capitalization companies. Its portfolio focuses on equity securities, with an emphasis on businesses in the United States. The trust has operated since 1986 and is managed by Royce Investment Partners, an investment manager specializing in small-cap companies. Its approach centers on researching and selecting individual businesses for a diversified portfolio.