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

Royce Global Value Trust, Inc. (NYSE:RGT) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 11,970 shares, an increase of 122.4% from the February 26th total of 5,382 shares. Based on an average daily volume of 17,618 shares, the short-interest ratio is currently 0.7 days.

Royce Global Value Trust Stock Down 2.1%

Shares of RGT traded down $0.28 during mid-day trading on Thursday, reaching $13.26. The company had a trading volume of 3,584 shares, compared to its average volume of 27,814. Royce Global Value Trust has a fifty-two week low of $9.00 and a fifty-two week high of $14.99. The firm has a fifty day simple moving average of $14.07 and a 200-day simple moving average of $13.28.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RGT. Commonwealth Equity Services LLC grew its position in Royce Global Value Trust by 6.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 11,828 shares of the company’s stock valued at $155,000 after acquiring an additional 745 shares during the period. D.A. Davidson & CO. raised its holdings in shares of Royce Global Value Trust by 4.5% in 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 during the period. Integrated Wealth Concepts LLC raised its holdings 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 worth $1,268,000 after purchasing an additional 1,200 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Royce Global Value Trust by 12.9% in the 4th quarter. Wells Fargo & Company MN now owns 14,126 shares of the company’s stock valued at $185,000 after purchasing an additional 1,617 shares in the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new stake in shares of Royce Global Value Trust during the 3rd quarter worth about $27,000.

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.