Royce Small-Cap Trust, Inc. (NYSE:RVT) Short Interest Update

Royce Small-Cap Trust, Inc. (NYSE:RVT) saw a significant decline in short interest in July. As of July 31st, there was short interest totaling 14,729 shares, a decline of 93.9% from the July 15th total of 239,578 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 397,140 shares, the short-interest ratio is presently 0.0 days.

Royce Small-Cap Trust Stock Performance

NYSE:RVT traded up $0.08 during mid-day trading on Thursday, hitting $18.93. 172,153 shares of the company traded hands, compared to its average volume of 312,540. The stock’s fifty day moving average price is $18.16 and its 200-day moving average price is $17.92. Royce Small-Cap Trust has a one year low of $14.97 and a one year high of $18.97.

Royce Small-Cap Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Thursday, June 11th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date of this dividend was Thursday, June 11th. This is an increase from Royce Small-Cap Trust’s previous quarterly dividend of $0.30.

Institutional Investors Weigh In On Royce Small-Cap Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new stake in Royce Small-Cap Trust during the 2nd quarter worth approximately $1,887,000. Northwestern Mutual Wealth Management Co. purchased a new position in Royce Small-Cap Trust during the second quarter valued at approximately $390,000. Evolve Private Wealth LLC bought a new position in shares of Royce Small-Cap Trust in the second quarter worth approximately $1,995,000. Landscape Capital Management L.L.C. bought a new position in shares of Royce Small-Cap Trust in the second quarter worth approximately $1,628,000. Finally, EP Wealth Advisors LLC bought a new position in shares of Royce Small-Cap Trust in the second quarter worth approximately $621,000. 25.57% of the stock is owned by hedge funds and other institutional investors.

About Royce Small-Cap Trust

Royce Small-Cap Trust (NYSE:RVT) is a closed-end management investment company that seeks to provide investors with long-term capital appreciation by investing primarily in the common stocks of small-capitalization companies. The trust is structured to trade on the New York Stock Exchange, offering shares that represent an undivided interest in a diversified portfolio of U.S. small-cap equities. As a closed-end vehicle, the fund may employ leverage to enhance returns and reinvest dividends to support growth over time.

The trust’s investment strategy is driven by fundamental, bottom-up research, focusing on companies with market capitalizations typically falling within the small-cap spectrum.