Royce Global Value Trust, Inc. (NYSE:RGT) Sees Significant Drop in Short Interest

Royce Global Value Trust, Inc. (NYSE:RGT) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 2,874 shares, a decline of 46.8% from the August 31st total of 5,402 shares. Based on an average daily trading volume, of 17,177 shares, the days-to-cover ratio is currently 0.2 days.

Royce Global Value Trust Trading Down 0.2%

Royce Global Value Trust stock traded down $0.03 during mid-day trading on Thursday, hitting $14.21. 4,667 shares of the company’s stock were exchanged, compared to its average volume of 20,531. Royce Global Value Trust has a 1-year low of $12.01 and a 1-year high of $15.79. The stock has a 50 day moving average of $14.97 and a two-hundred day moving average of $14.48.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Fifth Third Bancorp bought a new stake in shares of Royce Global Value Trust in the 1st quarter worth approximately $48,000. Susquehanna International Group LLP boosted its holdings in Royce Global Value Trust by 9.8% during the second quarter. Susquehanna International Group LLP now owns 17,218 shares of the company’s stock valued at $245,000 after purchasing an additional 1,536 shares in the last quarter. Beckerman Institutional LLC boosted its holdings in Royce Global Value Trust by 77.3% during the first quarter. Beckerman Institutional LLC now owns 22,853 shares of the company’s stock valued at $305,000 after purchasing an additional 9,962 shares in the last quarter. Tidal Investments LLC grew its stake in shares of Royce Global Value Trust by 5.3% in the 2nd quarter. Tidal Investments LLC now owns 30,535 shares of the company’s stock valued at $435,000 after purchasing an additional 1,539 shares during the period. Finally, 1607 Capital Partners LLC bought a new stake in shares of Royce Global Value Trust in the 4th quarter valued at approximately $1,279,000.

About Royce Global Value Trust

Royce Global Value Trust, Inc (NYSE:RGT) is a diversified, closed-end investment company that seeks long-term capital appreciation by investing in publicly traded companies around the world. The fund emphasizes value-oriented investing and typically focuses on small- and mid-capitalization businesses that its investment manager believes are undervalued relative to their underlying fundamentals.

RGT invests across multiple industries and geographic markets, including the United States and international developed and emerging markets.