Royce Global Value Trust, Inc. (NYSE:RGT) Short Interest Update

Royce Global Value Trust, Inc. (NYSE:RGT) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 5,752 shares, an increase of 457.4% from the April 30th total of 1,032 shares. Based on an average daily trading volume, of 13,643 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in RGT. Compound Planning Inc. purchased a new stake in shares of Royce Global Value Trust in the third quarter worth approximately $587,000. Matisse Capital raised its stake in shares of Royce Global Value Trust by 17.9% in the fourth quarter. Matisse Capital now owns 291,000 shares of the company’s stock worth $3,815,000 after purchasing an additional 44,210 shares during the last quarter. Shaker Financial Services LLC raised its stake in shares of Royce Global Value Trust by 25.5% in the fourth quarter. Shaker Financial Services LLC now owns 193,069 shares of the company’s stock worth $2,531,000 after purchasing an additional 39,254 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new stake in shares of Royce Global Value Trust in the third quarter worth approximately $27,000. Finally, Fifth Third Bancorp purchased a new stake in shares of Royce Global Value Trust in the first quarter worth approximately $48,000.

Royce Global Value Trust Stock Up 0.4%

RGT stock traded up $0.06 during trading on Friday, reaching $14.51. 6,021 shares of the stock were exchanged, compared to its average volume of 22,280. The firm’s 50 day moving average is $14.09 and its 200 day moving average is $13.68. Royce Global Value Trust has a twelve month low of $11.40 and a twelve month high of $14.99.

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.