Royce Micro-Cap Trust, Inc. (NYSE:RMT) Short Interest Update

Royce Micro-Cap Trust, Inc. (NYSE:RMT) was the recipient of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 52,200 shares, an increase of 71.1% from the February 13th total of 30,500 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 121,300 shares, the short-interest ratio is currently 0.4 days.

Insider Activity

In other news, insider Charles M. Royce sold 50,000 shares of the firm’s stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $9.88, for a total transaction of $494,000.00. Following the transaction, the insider now owns 1,270,942 shares in the company, valued at approximately $12,556,906.96. This trade represents a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last 90 days, insiders have sold 150,000 shares of company stock worth $1,489,500. Company insiders own 0.18% of the company’s stock.

Hedge Funds Weigh In On Royce Micro-Cap Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in RMT. HighTower Advisors LLC purchased a new position in Royce Micro-Cap Trust in the third quarter valued at about $102,000. XTX Topco Ltd purchased a new position in Royce Micro-Cap Trust in the third quarter valued at about $104,000. Stephens Inc. AR purchased a new position in Royce Micro-Cap Trust in the fourth quarter valued at about $124,000. Revolve Wealth Partners LLC purchased a new position in Royce Micro-Cap Trust in the fourth quarter valued at about $148,000. Finally, Comprehensive Money Management Services LLC purchased a new position in Royce Micro-Cap Trust in the fourth quarter valued at about $149,000. Hedge funds and other institutional investors own 34.98% of the company’s stock.

Royce Micro-Cap Trust Stock Performance

Shares of Royce Micro-Cap Trust stock opened at $8.49 on Monday. Royce Micro-Cap Trust has a 12 month low of $8.35 and a 12 month high of $10.43. The stock’s fifty day moving average price is $9.65 and its 200-day moving average price is $9.71.

Royce Micro-Cap Trust Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Thursday, March 13th will be paid a $0.19 dividend. The ex-dividend date is Thursday, March 13th. This represents a $0.76 annualized dividend and a yield of 8.96%.

About Royce Micro-Cap Trust

Royce Micro-Cap Trust, Inc is a closed-ended equity mutual fund launched and managed Royce & Associates, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies with market capitalization of less than $500 million.