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

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

Hedge Funds Weigh In On Royce Value Trust

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE lifted its stake in shares of Royce Value Trust by 1.5% in the 4th quarter. Bank of America Corp DE now owns 5,848,923 shares of the financial services provider’s stock valued at $92,413,000 after purchasing an additional 87,541 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Royce Value Trust in the 4th quarter valued at about $48,539,000. Wells Fargo & Company MN lifted its stake in shares of Royce Value Trust by 23.3% in the 4th quarter. Wells Fargo & Company MN now owns 1,673,671 shares of the financial services provider’s stock valued at $26,444,000 after purchasing an additional 315,880 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of Royce Value Trust by 8.3% in the 4th quarter. Royal Bank of Canada now owns 1,553,618 shares of the financial services provider’s stock valued at $24,548,000 after purchasing an additional 118,894 shares in the last quarter. Finally, LPL Financial LLC lifted its stake in shares of Royce Value Trust by 37.5% in the 4th quarter. LPL Financial LLC now owns 1,260,113 shares of the financial services provider’s stock valued at $19,910,000 after purchasing an additional 343,597 shares in the last quarter. 25.57% of the stock is owned by institutional investors and hedge funds.

Royce Value Trust Stock Up 1.1 %

NYSE RVT opened at $14.23 on Monday. Royce Value Trust has a 1-year low of $13.78 and a 1-year high of $16.93. The business’s 50-day simple moving average is $15.74 and its 200-day simple moving average is $15.76.

Royce Value Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Thursday, March 13th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 8.44%. The ex-dividend date is Thursday, March 13th.

About Royce Value Trust

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.