Royce Small-Cap Trust, Inc. (NYSE:RVT) Sees Large Increase in Short Interest
Royce Small-Cap Trust, Inc. (NYSE:RVT) experienced a significant increase in short interest, rising 80.9% to 144,378 shares as of January 15th. This represents approximately 0.1% of the company's shares sold short, with a days-to-cover ratio of 0.3 days based on an average trading volume of 521,839 shares. The company also announced a quarterly dividend of $0.54 per share, up from $0.29, yielding 12.5%. Royce Small-Cap Trust focuses on long-term capital appreciation through investments in small-cap stocks.
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