Royce Value Trust Inc. (NYSE:RVT) Short Interest Up 331.3% in September

Royce Value Trust Inc. (NYSE:RVT) was the target of a large growth in short interest in September. As of September 15th, there was short interest totalling 48,300 shares, a growth of 331.3% from the August 31st total of 11,200 shares. Based on an average daily volume of 253,400 shares, the short-interest ratio is currently 0.2 days.

Royce Value Trust Stock Performance

Royce Value Trust stock remained flat at $15.55 during midday trading on Friday. The company had a trading volume of 277,541 shares, compared to its average volume of 228,839. Royce Value Trust has a 1-year low of $11.85 and a 1-year high of $16.16. The company’s fifty day moving average is $15.23 and its two-hundred day moving average is $14.83.

Royce Value Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Friday, September 13th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 7.20%. The ex-dividend date was Friday, September 13th.

Insider Activity

In other news, President Christopher D. Clark bought 3,400 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were acquired at an average price of $15.20 per share, with a total value of $51,680.00. Following the transaction, the president now owns 36,057 shares in the company, valued at $548,066.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.06% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Quent Capital LLC acquired a new position in shares of Royce Value Trust during the 1st quarter worth approximately $38,000. ESL Trust Services LLC acquired a new position in shares of Royce Value Trust during the 1st quarter worth approximately $39,000. Salomon & Ludwin LLC acquired a new position in shares of Royce Value Trust during the 1st quarter worth approximately $50,000. Pingora Partners LLC acquired a new position in shares of Royce Value Trust during the 4th quarter worth approximately $54,000. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of Royce Value Trust during the 1st quarter worth approximately $76,000. Institutional investors and hedge funds 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.