Royce Global Value Trust, Inc. (NYSE:RGT) Short Interest Up 191.3% in December

by · The Markets Daily

Royce Global Value Trust, Inc. (NYSE:RGT – Get Free Report) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 11,021 shares, an increase of 191.3% from the December 15th total of 3,783 shares. Based on an average trading volume of 21,271 shares, the short-interest ratio is presently 0.5 days. Based on an average trading volume of 21,271 shares, the short-interest ratio is presently 0.5 days.

Royce Global Value Trust Stock Performance

Royce Global Value Trust stock traded up $0.06 during trading on Tuesday, hitting $13.56. The company’s stock had a trading volume of 100,390 shares, compared to its average volume of 50,383. The stock’s fifty day moving average is $12.77 and its 200 day moving average is $12.68. Royce Global Value Trust has a 1-year low of $9.00 and a 1-year high of $13.66.

Royce Global Value Trust Cuts Dividend

The business also recently declared an annual dividend, which was paid on Wednesday, December 24th. Investors of record on Thursday, December 11th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Thursday, December 11th. This represents a yield of 148.0%.

Insider Buying and Selling

In other news, insider Charles M. Royce sold 2,533 shares of the company’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $12.44, for a total value of $31,510.52. Following the sale, the insider directly owned 680,350 shares in the company, valued at $8,463,554. This represents a 0.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders sold 18,996 shares of company stock worth $238,948.

Institutional Trading of Royce Global Value Trust

Several institutional investors have recently made changes to their positions in RGT. Integrated Wealth Concepts LLC raised its position 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 buying an additional 1,200 shares during the period. Newbridge Financial Services Group Inc. acquired a new stake in Royce Global Value Trust during the third quarter worth about $587,000. Compound Planning Inc. acquired a new stake in Royce Global Value Trust during the third quarter worth about $587,000. Atlantic Union Bankshares Corp purchased a new position in shares of Royce Global Value Trust in the 3rd quarter worth about $27,000. Finally, Matisse Capital lifted its stake in shares of Royce Global Value Trust by 14.0% in the 3rd quarter. Matisse Capital now owns 246,790 shares of the company’s stock valued at $3,196,000 after purchasing an additional 30,321 shares in the last quarter.

About Royce Global Value Trust

(Get Free Report)

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.

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