Royce Small-Cap Trust, Inc. (NYSE:RVT) Sees Large Increase in Short Interest

Royce Small-Cap Trust, Inc. (NYSE:RVT - Get Free Report) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 144,378 shares, a growth of 80.9% from the December 31st total of 79,820 shares. Currently, 0.1% of the company's shares are sold short. Based on an average daily trading volume, of 521,839 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 521,839 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company's shares are sold short.Get Royce Small-Cap Trust alerts:Institutional Inflows and OutflowsHedge funds have recently bought and sold shares of the business. CWM LLC acquired a new position in shares of Royce Small-Cap Trust during the 2nd quarter valued at $25,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Royce Small-Cap Trust during the second quarter worth $28,000. Westfuller Advisors LLC purchased a new position in shares of Royce Small-Cap Trust in the third quarter valued at $29,000. Quent Capital LLC purchased a new position in shares of Royce Small-Cap Trust in the third quarter valued at $46,000. Finally, Coastline Trust Co acquired a new stake in Royce Small-Cap Trust during the 3rd quarter valued at $48,000. Hedge funds and other institutional investors own 25.57% of the company's stock. Royce Small-Cap Trust Price PerformanceRVT stock traded down $0.11 during trading on Friday, reaching $17.34. 300,065 shares of the stock traded hands, compared to its average volume of 528,017. The business's 50 day moving average price is $16.58 and its 200-day moving average price is $16.10. Royce Small-Cap Trust has a 52-week low of $12.12 and a 52-week high of $17.70. Royce Small-Cap Trust Increases DividendThe company also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Thursday, December 11th were issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 12.5%. The ex-dividend date was Thursday, December 11th. This is an increase from Royce Small-Cap Trust's previous quarterly dividend of $0.29. About Royce Small-Cap Trust (Get Free Report)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.Read MoreFive stocks we like better than Royce Small-Cap TrustThe day the gold market brokeStock market legend warns: “An Ominous Day Is Coming for the Markets…”Washington knows what's coming. Do you?Gold’s getting scarce.The Real Risk in Roth ConversionsThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Royce Small-Cap Trust Right Now?Before you consider Royce Small-Cap Trust, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Royce Small-Cap Trust wasn't on the list.While Royce Small-Cap Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here