Short Interest in Royce Micro-Cap Trust, Inc. (NYSE:RMT) Drops By 27.4%

Royce Micro-Cap Trust, Inc. (NYSE:RMT - Get Free Report) saw a large drop in short interest in March. As of March 31st, there was short interest totalling 40,800 shares, a drop of 27.4% from the March 15th total of 56,200 shares. Based on an average daily volume of 141,200 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company's stock are short sold.

Royce Micro-Cap Trust Price Performance

Shares of NYSE RMT traded up $0.16 during trading hours on Wednesday, hitting $8.05. 73,601 shares of the stock were exchanged, compared to its average volume of 110,097. Royce Micro-Cap Trust has a one year low of $7.25 and a one year high of $10.43. The company's 50 day moving average is $8.58 and its 200 day moving average is $9.43.

Royce Micro-Cap Trust Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Thursday, March 13th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 9.44%. The ex-dividend date of this dividend was Thursday, March 13th.

Insider Transactions at Royce Micro-Cap Trust

In other Royce Micro-Cap Trust news, insider Charles M. Royce sold 50,000 shares of the business's stock in a transaction dated Friday, January 31st. The stock was 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 of the company's stock, valued at $11,142,163.48. The trade was a 4.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 159,160 shares of company stock valued at $1,561,589 in the last three months. Corporate insiders own 0.18% of the company's stock.

Hedge Funds Weigh In On Royce Micro-Cap Trust

Several large investors have recently added to or reduced their stakes in the company. HighTower Advisors LLC acquired a new stake in Royce Micro-Cap Trust during the third quarter worth $102,000. XTX Topco Ltd acquired a new position in Royce Micro-Cap Trust in the third quarter worth about $104,000. Stephens Inc. AR bought a new position in Royce Micro-Cap Trust during the fourth quarter worth about $124,000. Oppenheimer & Co. Inc. acquired a new stake in Royce Micro-Cap Trust during the first quarter valued at approximately $124,000. Finally, Revolve Wealth Partners LLC acquired a new position in shares of Royce Micro-Cap Trust in the 4th quarter worth approximately $148,000. Institutional investors and hedge funds own 34.98% of the company's stock.

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.