Royce Value Trust Inc. (NYSE:RVT) Short Interest Update

Royce Value Trust Inc. (NYSE:RVT) was the recipient of a large drop in short interest in February. As of February 28th, there was short interest totalling 144,700 shares, a drop of 41.6% from the February 13th total of 247,900 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 284,800 shares, the days-to-cover ratio is presently 0.5 days.

Royce Value Trust Trading Up 1.1 %

Royce Value Trust stock opened at $14.23 on Monday. The stock has a 50-day moving average price of $15.74 and a 200 day moving average price of $15.76. Royce Value Trust has a 52 week low of $13.78 and a 52 week high of $16.93.

Royce Value Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Thursday, March 13th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 8.44%. The ex-dividend date is Thursday, March 13th.

Institutional Trading of Royce Value Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Benjamin Edwards Inc. purchased a new stake in Royce Value Trust during the 3rd quarter worth about $1,505,000. Stifel Financial Corp boosted its stake in Royce Value Trust by 10.0% in the 3rd quarter. Stifel Financial Corp now owns 775,846 shares of the financial services provider’s stock worth $12,181,000 after buying an additional 70,449 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in Royce Value Trust by 2.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 439,830 shares of the financial services provider’s stock worth $6,949,000 after buying an additional 11,777 shares during the last quarter. Polar Asset Management Partners Inc. acquired a new stake in Royce Value Trust in the 3rd quarter worth about $1,181,000. Finally, Hennion & Walsh Asset Management Inc. boosted its stake in Royce Value Trust by 55.9% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 92,935 shares of the financial services provider’s stock worth $1,468,000 after buying an additional 33,307 shares during the last quarter. Hedge funds and other institutional investors own 25.57% of the company’s stock.

About Royce Value Trust

Royce Value Trust Inc is a close ended equity mutual fund launched and managed by Royce & Associates, LLC. It invests in the public equity markets of the United States. The fund spreads its investments across diversified sectors. It invests in value oriented stocks of small cap and micro cap companies.