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

Royce Value Trust Inc. (NYSE:RVT) has experienced a notable decrease in short interest throughout the month of January. As of January 15th, total short interest stood at 230,200 shares, marking a decline of 13.8% from the closing total of 267,000 shares recorded on December 31st. With an average daily trading volume of 278,600 shares, the current days-to-cover ratio is 0.8 days.

Stock Performance of Royce Value Trust

On Friday, Royce Value Trust's shares dropped by $0.12 to reach $16.31. The trading volume for the day was 158,919 shares, which is lower than its average volume of 249,096 shares. Over the past year, the stock has experienced a low of $13.78 and a high of $16.93. Currently, the 50-day moving average price is $16.16, while the 200-day moving average price sits at $15.72.

Recent Dividend Declaration

The company recently announced a quarterly dividend, which was paid out on Monday, December 23rd. Shareholders who were on record as of Thursday, December 12th, received a dividend of $0.44. The ex-dividend date was also on December 12th. This dividend translates to an annualized amount of $1.76, resulting in a yield of 10.79%.

Institutional Investor Engagement

Several hedge funds and institutional investors have adjusted their holdings in Royce Value Trust. Future Financial Wealth Management LLC has acquired a new position valued at approximately $78,000 in the third quarter. DAVENPORT & Co LLC established a new stake worth roughly $165,000 in the fourth quarter. In addition, Creative Planning increased its stake by 7.7% during the third quarter, now holding a total of 11,791 shares worth about $185,000 after acquiring an additional 842 shares. EP Wealth Advisors LLC and B&L Asset Management LLC both also purchased new stakes valued at around $188,000 and $190,000 respectively during the third quarter. Overall, about 25.57% of Royce Value Trust's shares are held by institutional investors and hedge funds.

About Royce Value Trust Inc.

(Get Free Report) Royce Value Trust Inc. is a closed-end equity mutual fund managed by Royce & Associates, LLC. It focuses on investing in the public equity markets of the United States, diversifying its investments across various sectors and emphasizing value-oriented stocks of small-cap and micro-cap companies.

Royce, Value, Trust