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

Royce Global Value Trust, Inc. (NYSE:RGT) was the target of a large decline in short interest in June. As of June 30th, there was short interest totaling 23,844 shares, a decline of 34.9% from the June 15th total of 36,611 shares. Based on an average daily volume of 25,094 shares, the days-to-cover ratio is currently 1.0 days.

Royce Global Value Trust Price Performance

Royce Global Value Trust stock opened at $14.61 on Friday. The firm’s fifty day moving average price is $14.35 and its two-hundred day moving average price is $14.10. Royce Global Value Trust has a 1-year low of $11.89 and a 1-year high of $14.99.

Hedge Funds Weigh In On Royce Global Value Trust

Large investors have recently added to or reduced their stakes in the business. Matisse Capital raised its position in Royce Global Value Trust by 17.9% in the 4th quarter. Matisse Capital now owns 291,000 shares of the company’s stock valued at $3,815,000 after buying an additional 44,210 shares during the last quarter. Shaker Financial Services LLC lifted its position in shares of Royce Global Value Trust by 25.5% during the 4th quarter. Shaker Financial Services LLC now owns 193,069 shares of the company’s stock valued at $2,531,000 after buying an additional 39,254 shares during the last quarter. Integrated Wealth Concepts LLC boosted its position in Royce Global Value Trust by 1.2% during the third quarter. Integrated Wealth Concepts LLC now owns 97,921 shares of the company’s stock worth $1,268,000 after purchasing an additional 1,200 shares during the period. 1607 Capital Partners LLC bought a new position in Royce Global Value Trust in the 4th quarter worth approximately $1,279,000. Finally, Blue Bell Private Wealth Management LLC raised its holdings in Royce Global Value Trust by 34.2% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 96,580 shares of the company’s stock valued at $1,266,000 after acquiring an additional 24,629 shares during the period.

Royce Global Value Trust Company Profile

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.