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

Royce Value Trust Inc. (NYSE:RVT - Get Free Report) experienced a notable drop in short interest during January. By January 15th, short interest totaled 230,200 shares, marking a decline of 13.8% from the 267,000 shares recorded at the end of December. With an average daily trading volume of 278,600 shares, the current days-to-cover ratio is about 0.8 days.

Stock Performance

On Friday, shares of NYSE RVT fell by 0.7%, decreasing by $0.12 to reach $16.31. The trading volume for the day was 158,919 shares, significantly lower than the average volume of 249,096 shares. Over the past year, the stock has seen a low of $13.78 and a high of $16.93. The 50-day moving average is $16.16, while the 200-day moving average stands at $15.72.

Recent Dividend Announcement

Recently, Royce Value Trust announced a quarterly dividend, which was paid on December 23rd. Shareholders who were on record as of December 12th received a dividend of $0.44. The ex-dividend date coincided with the record date, marking a $1.76 annualized return and a yield of 10.79%.

Institutional Investors' Activity

Institutional investors have been actively adjusting their positions in Royce Value Trust lately. For instance, Future Financial Wealth Management LLC added a new position valued at about $78,000 in the third quarter. DAVENPORT & Co LLC took a new stake worth approximately $165,000 in the fourth quarter. Furthermore, Creative Planning increased its investment in Royce Value Trust by 7.7% during the third quarter and now holds 11,791 shares valued at $185,000 after purchasing an additional 842 shares. EP Wealth Advisors LLC also acquired a new position valued at around $188,000, while B&L Asset Management LLC purchased a stake worth about $190,000 during the same quarter. Currently, 25.57% of Royce Value Trust's stock is owned by institutional investors and hedge funds.

Company Overview

Royce Value Trust Inc. is a closed-end equity mutual fund, managed by Royce & Associates, LLC. The trust invests in public equity markets within the United States and spreads its investments across various sectors, focusing on value-oriented stocks of small-cap and micro-cap companies.

Further Information

Investors should be mindful of the current situation regarding Royce Value Trust. Keeping an eye on fluctuations and analyzing market conditions is essential for potential opportunities. A thorough assessment is vital before any investment actions are taken.

Royce, Trust, Stocks