Short Interest in Royce Micro-Cap Trust, Inc. (NYSE:RMT) Declines By 47.2%

Royce Micro-Cap Trust, Inc. (NYSE:RMT - Get Free Report) was the recipient of a significant decline in short interest during the month of October. As of October 15th, there was short interest totalling 1,900 shares, a decline of 47.2% from the September 30th total of 3,600 shares. Based on an average trading volume of 88,000 shares, the days-to-cover ratio is currently 0.0 days.

Insider Buying and Selling at Royce Micro-Cap Trust

In other news, President Christopher D. Clark acquired 5,400 shares of Royce Micro-Cap Trust stock in a transaction on Friday, August 16th. The stock was acquired at an average cost of $9.56 per share, with a total value of $51,624.00. Following the completion of the acquisition, the president now owns 53,040 shares in the company, valued at approximately $507,062.40. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.18% of the company's stock.

Institutional Trading of Royce Micro-Cap Trust

A number of institutional investors have recently added to or reduced their stakes in RMT. Alpha Financial Partners LLC purchased a new stake in Royce Micro-Cap Trust in the 3rd quarter worth approximately $101,000. Jaffetilchin Investment Partners LLC boosted its stake in Royce Micro-Cap Trust by 127.2% during the first quarter. Jaffetilchin Investment Partners LLC now owns 26,471 shares of the financial services provider's stock valued at $250,000 after buying an additional 14,820 shares during the period. Logan Stone Capital LLC grew its position in Royce Micro-Cap Trust by 80.4% during the second quarter. Logan Stone Capital LLC now owns 37,534 shares of the financial services provider's stock worth $345,000 after buying an additional 16,725 shares in the last quarter. CWM LLC bought a new position in Royce Micro-Cap Trust in the 2nd quarter worth about $432,000. Finally, Diversify Advisory Services LLC purchased a new stake in shares of Royce Micro-Cap Trust in the 1st quarter valued at about $664,000. Hedge funds and other institutional investors own 34.98% of the company's stock.

Royce Micro-Cap Trust Stock Down 0.2 %

Royce Micro-Cap Trust stock traded down $0.02 during mid-day trading on Friday, reaching $9.41. The company's stock had a trading volume of 44,549 shares, compared to its average volume of 97,572. The firm's fifty day moving average price is $9.56 and its two-hundred day moving average price is $9.43. Royce Micro-Cap Trust has a 12-month low of $7.67 and a 12-month high of $10.11.

Royce Micro-Cap Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, September 13th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 7.65%.

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.