Royce Global Value Trust, Inc. (NYSE:RGT) Short Interest Update

Royce Global Value Trust, Inc. (NYSE:RGT) was the target of a large decline in short interest in April. As of April 30th, there was short interest totaling 1,032 shares, a decline of 88.0% from the April 15th total of 8,623 shares. Based on an average daily trading volume, of 19,183 shares, the short-interest ratio is presently 0.1 days.

Royce Global Value Trust Stock Performance

Royce Global Value Trust stock traded down $0.15 during midday trading on Tuesday, reaching $14.41. The stock had a trading volume of 13,677 shares, compared to its average volume of 23,624. Royce Global Value Trust has a 12 month low of $11.01 and a 12 month high of $14.99. The company has a fifty day moving average price of $14.01 and a two-hundred day moving average price of $13.54.

Institutional Trading of Royce Global Value Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. D.A. Davidson & CO. increased its holdings in Royce Global Value Trust by 4.5% during the 3rd quarter. D.A. Davidson & CO. now owns 22,753 shares of the company’s stock worth $295,000 after purchasing an additional 970 shares in the last quarter. Matisse Capital increased its holdings in Royce Global Value Trust by 14.0% during the 3rd quarter. Matisse Capital now owns 246,790 shares of the company’s stock worth $3,196,000 after purchasing an additional 30,321 shares in the last quarter. Atlantic Union Bankshares Corp bought a new stake in Royce Global Value Trust during the 3rd quarter worth approximately $27,000. Compound Planning Inc. bought a new stake in Royce Global Value Trust during the 3rd quarter worth approximately $587,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in Royce Global Value Trust during the 3rd quarter worth approximately $587,000.

Royce Global Value Trust Company Profile

Royce Global Value Trust, Inc is a closed-end management investment company that trades on the New York Stock Exchange under the ticker symbol RGT. Incorporated in Maryland and based in New York, the Trust seeks to provide total return through a combination of capital appreciation and current income. It achieves its objective by investing in a diversified portfolio of equity securities of domestic and foreign companies, with a focus on undervalued, out-of-favor businesses that management believes offer attractive long-term growth potential.

The Trust’s investment strategy emphasizes bottom-up stock selection, targeting primarily small- and mid-capitalization companies across developed and emerging markets.