Royce Global Value Trust, Inc. (NYSE:RGT) was the recipient of a significant decrease in short interest in April. As of April 15th, there was short interest totalling 7,000 shares, a decrease of 27.1% from the March 31st total of 9,600 shares. Based on an average daily volume of 14,700 shares, the short-interest ratio is currently 0.5 days.
RGT stock traded down $0.10 during mid-day trading on Tuesday, reaching $14.70. 620 shares of the stock traded hands, compared to its average volume of 23,420. Royce Global Value Trust has a 52 week low of $9.55 and a 52 week high of $15.40. The business has a 50-day moving average of $14.48 and a two-hundred day moving average of $13.98.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Clough Capital Partners L P acquired a new position in Royce Global Value Trust in the fourth quarter worth about $733,000. Citigroup Inc. boosted its position in shares of Royce Global Value Trust by 19.8% during the fourth quarter. Citigroup Inc. now owns 30,164 shares of the company’s stock worth $403,000 after purchasing an additional 4,989 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in shares of Royce Global Value Trust by 9.6% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 47,539 shares of the company’s stock worth $635,000 after acquiring an additional 4,165 shares during the period.
Royce Global Value Trust, Inc was a closed ended equity mutual fund launched and managed by Royce & Associates, LLC. It invests in the public equity markets across the globe. 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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