Royce Value Trust Inc. (NYSE:RVT) Short Interest Down 24.2% in October

Royce Value Trust Inc. (NYSE:RVT) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totalling 38,900 shares, a decline of 24.2% from the September 30th total of 51,300 shares. Based on an average daily trading volume, of 229,400 shares, the short-interest ratio is presently 0.2 days.

Insiders Place Their Bets

In related news, President Christopher D. Clark acquired 3,400 shares of the stock in a transaction dated 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 acquisition, the president now owns 36,057 shares in the company, valued at approximately $548,066.40. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.06% of the company’s stock.

Institutional Trading of Royce Value Trust

A number of hedge funds have recently bought and sold shares of the stock. Raymond James & Associates grew its position in Royce Value Trust by 5.5% during the third quarter. Raymond James & Associates now owns 1,502,749 shares of the financial services provider’s stock worth $23,593,000 after buying an additional 78,601 shares in the last quarter. Cornerstone Advisors LLC raised its holdings in shares of Royce Value Trust by 62.0% in the second quarter. Cornerstone Advisors LLC now owns 734,489 shares of the financial services provider’s stock valued at $10,628,000 after buying an additional 281,199 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Royce Value Trust by 9.7% in the first quarter. Advisors Asset Management Inc. now owns 667,661 shares of the financial services provider’s stock valued at $10,128,000 after purchasing an additional 59,308 shares in the last quarter. Blue Bell Private Wealth Management LLC boosted its position in Royce Value Trust by 13.3% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 460,923 shares of the financial services provider’s stock valued at $6,670,000 after buying an additional 54,097 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of Royce Value Trust by 2.0% during the first quarter. Janney Montgomery Scott LLC now owns 431,555 shares of the financial services provider’s stock worth $6,547,000 after acquiring an additional 8,578 shares during the last quarter. 25.57% of the stock is owned by institutional investors.

Royce Value Trust Stock Down 0.1 %

RVT stock traded down $0.01 during mid-day trading on Friday, reaching $15.38. 170,690 shares of the stock traded hands, compared to its average volume of 224,136. The business has a 50-day moving average of $15.39 and a two-hundred day moving average of $14.96. Royce Value Trust has a 52 week low of $11.85 and a 52 week high of $16.16.

Royce Value Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, September 13th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 7.28%.

Royce Value Trust Company Profile

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.