Short Interest in Royce Value Trust Inc. (NYSE:RVT) Declines By 41.6%

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

Royce Value Trust Price Performance

NYSE RVT traded up $0.16 during trading hours on Friday, reaching $14.23. The stock had a trading volume of 277,460 shares, compared to its average volume of 273,725. The stock has a fifty day moving average of $15.74 and a 200 day moving average 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 declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Thursday, March 13th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 8.44%. The ex-dividend date of this dividend is Thursday, March 13th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Vermillion Wealth Management Inc. acquired a new position in Royce Value Trust in the fourth quarter valued at approximately $29,000. Jaffetilchin Investment Partners LLC lifted its holdings in Royce Value Trust by 11.1% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 10,209 shares of the financial services provider’s stock valued at $161,000 after acquiring an additional 1,019 shares during the period. DAVENPORT & Co LLC acquired a new position in Royce Value Trust in the fourth quarter valued at approximately $165,000. Keyes Stange & Wooten Wealth Management LLC purchased a new stake in Royce Value Trust in the 4th quarter valued at $170,000. Finally, GWN Securities Inc. purchased a new position in shares of Royce Value Trust during the 4th quarter worth $187,000. 25.57% of the stock is owned by institutional investors and hedge funds.

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.