Royce Value Trust Inc. (NYSE:RVT) Short Interest Up 168.1% in January

Royce Value Trust Inc. (NYSE:RVT) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totalling 267,000 shares, a growth of 168.1% from the December 31st total of 99,600 shares. Based on an average daily trading volume, of 258,900 shares, the short-interest ratio is presently 1.0 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Future Financial Wealth Managment LLC bought a new position in shares of Royce Value Trust during the third quarter valued at $78,000. DAVENPORT & Co LLC bought a new position in shares of Royce Value Trust during the fourth quarter valued at $165,000. Creative Planning lifted its holdings in shares of Royce Value Trust by 7.7% during the third quarter. Creative Planning now owns 11,791 shares of the financial services provider’s stock valued at $185,000 after acquiring an additional 842 shares during the period. EP Wealth Advisors LLC bought a new position in shares of Royce Value Trust during the third quarter valued at $188,000. Finally, B&L Asset Management LLC bought a new position in shares of Royce Value Trust during the third quarter valued at $190,000. 25.57% of the stock is owned by institutional investors.

Royce Value Trust Stock Down 0.7 %

RVT traded down $0.11 during trading on Wednesday, reaching $16.14. 207,301 shares of the company’s stock were exchanged, compared to its average volume of 276,717. Royce Value Trust has a fifty-two week low of $13.78 and a fifty-two week high of $16.93. The business has a 50 day moving average price of $16.16 and a 200 day moving average price of $15.71.

Royce Value Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Thursday, December 12th were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 10.90%.

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.