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

Royce Micro-Cap Trust, Inc. (NYSE:RMT) saw a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 30,500 shares, a growth of 24.5% from the January 31st total of 24,500 shares. Based on an average daily trading volume, of 113,900 shares, the days-to-cover ratio is presently 0.3 days.

Royce Micro-Cap Trust Stock Performance

NYSE RMT traded down $0.01 during trading on Friday, hitting $8.85. 52,853 shares of the stock traded hands, compared to its average volume of 101,802. Royce Micro-Cap Trust has a 12-month low of $8.59 and a 12-month high of $10.43. The firm has a 50-day simple moving average of $9.79 and a 200-day simple moving average of $9.76.

Royce Micro-Cap Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Thursday, March 13th will be given a dividend of $0.19 per share. The ex-dividend date is Thursday, March 13th. This represents a $0.76 annualized dividend and a dividend yield of 8.58%.

Insider Activity at Royce Micro-Cap Trust

In other Royce Micro-Cap Trust news, insider Charles M. Royce sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $9.88, for a total transaction of $494,000.00. Following the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders sold 150,000 shares of company stock worth $1,489,500. 0.18% of the stock is owned by company insiders.

Institutional Trading of Royce Micro-Cap Trust

A number of large investors have recently modified their holdings of RMT. HighTower Advisors LLC bought a new position in shares of Royce Micro-Cap Trust during the 3rd quarter worth $102,000. XTX Topco Ltd bought a new stake in shares of Royce Micro-Cap Trust in the 3rd quarter valued at about $104,000. Stephens Inc. AR bought a new stake in Royce Micro-Cap Trust during the 4th quarter valued at $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 bought a new position in shares of Royce Micro-Cap Trust during the 4th quarter worth approximately $149,000. Hedge funds and other institutional investors own 34.98% of the company’s stock.

Royce Micro-Cap Trust Company Profile

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.