Short Interest in Royce Global Value Trust, Inc. (NYSE:RGT) Drops By 35.3%

Royce Global Value Trust, Inc. (NYSE:RGT) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 12,766 shares, a drop of 35.3% from the July 30th total of 19,717 shares. Based on an average trading volume of 24,423 shares, the days-to-cover ratio is currently 0.5 days.

Royce Global Value Trust Stock Performance

RGT opened at $15.18 on Thursday. Royce Global Value Trust has a 1 year low of $12.01 and a 1 year high of $15.79. The stock’s 50 day simple moving average is $14.94 and its 200-day simple moving average is $14.43.

Institutional Investors Weigh In On Royce Global Value Trust

Several institutional investors and hedge funds have recently bought and sold shares of the business. Integrated Wealth Concepts LLC raised its stake in shares of Royce Global Value Trust by 1.2% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 97,921 shares of the company’s stock valued at $1,268,000 after buying an additional 1,200 shares in the last quarter. 1607 Capital Partners LLC bought a new stake in Royce Global Value Trust in the fourth quarter valued at about $1,279,000. Blue Bell Private Wealth Management LLC increased its stake in Royce Global Value Trust by 34.2% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 96,580 shares of the company’s stock valued at $1,266,000 after acquiring an additional 24,629 shares during the period. LPL Financial LLC increased its stake in Royce Global Value Trust by 69.0% in the fourth quarter. LPL Financial LLC now owns 66,009 shares of the company’s stock valued at $865,000 after acquiring an additional 26,960 shares during the period. Finally, Compound Planning Inc. raised its position in Royce Global Value Trust by 15.9% in the fourth quarter. Compound Planning Inc. now owns 52,525 shares of the company’s stock worth $689,000 after purchasing an additional 7,205 shares in the last quarter.

About Royce Global Value Trust

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.