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

Royce Micro-Cap Trust, Inc. (NYSE:RMT - Get Free Report) was the target of a large increase in short interest in February. As of February 15th, there was short interest totalling 30,500 shares, an increase of 24.5% from the January 31st total of 24,500 shares. Based on an average daily trading volume, of 113,900 shares, the short-interest ratio is currently 0.3 days.

Royce Micro-Cap Trust Trading Up 0.3 %

Shares of Royce Micro-Cap Trust stock traded up $0.03 during trading hours on Friday, reaching $8.89. 172,150 shares of the company's stock were exchanged, compared to its average volume of 101,974. The company has a 50 day moving average of $9.77 and a two-hundred day moving average of $9.75. Royce Micro-Cap Trust has a fifty-two week low of $8.59 and a fifty-two week high of $10.43.

Royce Micro-Cap Trust Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Thursday, March 13th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 8.55%.

Insider Activity at Royce Micro-Cap Trust

In related news, insider Charles M. Royce sold 50,000 shares of the company's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $9.94, for a total value of $497,000.00. Following the completion of the sale, the insider now owns 1,120,942 shares in the company, valued at $11,142,163.48. This represents a 4.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 150,000 shares of company stock worth $1,489,500 in the last quarter. Corporate insiders own 0.18% of the company's stock.

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Institutional Investors Weigh In On Royce Micro-Cap Trust

Institutional investors and hedge funds have recently modified their holdings of the company. HighTower Advisors LLC bought a new position in Royce Micro-Cap Trust in the 3rd quarter valued at about $102,000. XTX Topco Ltd acquired a new stake in shares of Royce Micro-Cap Trust during the 3rd quarter worth approximately $104,000. Stephens Inc. AR acquired a new stake in shares of Royce Micro-Cap Trust during the 4th quarter worth approximately $124,000. Revolve Wealth Partners LLC acquired a new stake in shares of Royce Micro-Cap Trust during the 4th quarter worth approximately $148,000. Finally, Comprehensive Money Management Services LLC acquired a new stake in Royce Micro-Cap Trust in the fourth quarter valued at approximately $149,000. 34.98% of the stock is owned by institutional investors.

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.