Short Interest in Royce Value Trust Inc. (NYSE:RVT) Declines By 30.1%

Royce Value Trust Inc. (NYSE:RVT – Get Rating) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totalling 130,900 shares, a decline of 30.1% from the March 15th total of 187,300 shares. Based on an average trading volume of 304,900 shares, the days-to-cover ratio is presently 0.4 days.

Royce Value Trust stock traded up $0.16 during midday trading on Tuesday, hitting $16.32. The company’s stock had a trading volume of 1,963 shares, compared to its average volume of 306,689. The business’s 50-day simple moving average is $16.90. Royce Value Trust has a 12 month low of $15.82 and a 12 month high of $20.00.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 24th. Investors of record on Friday, March 11th were paid a $0.36 dividend. The ex-dividend date was Thursday, March 10th. This represents a $1.44 dividend on an annualized basis and a yield of 8.82%.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE increased its stake in Royce Value Trust by 6.9% in the 2nd quarter. Bank of America Corp DE now owns 3,930,474 shares of the financial services provider’s stock worth $74,561,000 after purchasing an additional 252,504 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in Royce Value Trust by 7.3% during the 4th quarter. Parametric Portfolio Associates LLC now owns 2,989,923 shares of the financial services provider’s stock valued at $58,573,000 after acquiring an additional 204,697 shares in the last quarter. Raymond James & Associates grew its stake in Royce Value Trust by 4.4% during the 4th quarter. Raymond James & Associates now owns 1,584,288 shares of the financial services provider’s stock valued at $31,036,000 after acquiring an additional 67,418 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Royce Value Trust by 3.4% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 1,482,051 shares of the financial services provider’s stock valued at $29,033,000 after acquiring an additional 48,773 shares in the last quarter. Finally, UBS Group AG grew its stake in Royce Value Trust by 4.8% during the 3rd quarter. UBS Group AG now owns 1,335,839 shares of the financial services provider’s stock valued at $24,072,000 after acquiring an additional 61,503 shares in the last quarter. 27.59% of the stock is currently owned by hedge funds and other institutional investors.

About Royce Value Trust (Get Rating)

Royce Value Trust Inc is a close ended equity mutual fund launched and managed by Royce & Associates, LLC. It invests in the public equity markets of the United States. The fund spreads its investments across diversified sectors. It invests in value oriented stocks of small cap and micro cap companies.

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