Royce Micro-Cap Trust, Inc. (NYSE:RMT) Short Interest Up 324.2% in December

Royce Micro-Cap Trust, Inc. (NYSE:RMT - Get Free Report) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 75,500 shares, an increase of 324.2% from the December 15th total of 17,800 shares. Based on an average daily volume of 104,300 shares, the short-interest ratio is presently 0.7 days.

Institutional Investors Weigh In On Royce Micro-Cap Trust

Institutional investors have recently made changes to their positions in the company. Moors & Cabot Inc. grew its position in Royce Micro-Cap Trust by 2.0% in the 2nd quarter. Moors & Cabot Inc. now owns 107,199 shares of the financial services provider's stock valued at $985,000 after acquiring an additional 2,064 shares during the last quarter. Walleye Capital LLC boosted its stake in shares of Royce Micro-Cap Trust by 6.9% during the third quarter. Walleye Capital LLC now owns 42,151 shares of the financial services provider's stock valued at $405,000 after purchasing an additional 2,713 shares during the period. EP Wealth Advisors LLC grew its holdings in shares of Royce Micro-Cap Trust by 5.6% in the third quarter. EP Wealth Advisors LLC now owns 58,294 shares of the financial services provider's stock worth $560,000 after purchasing an additional 3,109 shares during the last quarter. Hara Capital LLC increased its stake in Royce Micro-Cap Trust by 12.7% in the 3rd quarter. Hara Capital LLC now owns 42,560 shares of the financial services provider's stock worth $409,000 after buying an additional 4,800 shares during the period. Finally, Captrust Financial Advisors lifted its holdings in Royce Micro-Cap Trust by 5.0% during the 3rd quarter. Captrust Financial Advisors now owns 106,063 shares of the financial services provider's stock valued at $1,019,000 after buying an additional 5,071 shares in the last quarter. Institutional investors own 34.98% of the company's stock.

Royce Micro-Cap Trust Stock Performance

NYSE:RMT traded down $0.04 during midday trading on Monday, hitting $9.65. 77,533 shares of the company traded hands, compared to its average volume of 87,090. The firm's fifty day moving average is $9.97 and its 200-day moving average is $9.68. Royce Micro-Cap Trust has a 12-month low of $8.59 and a 12-month high of $10.43.

Royce Micro-Cap Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Thursday, December 12th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 8.70%. The ex-dividend date of this dividend was Thursday, December 12th.

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.

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