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

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

Hedge Funds Weigh In On Royce Micro-Cap Trust

Several large investors have recently bought and sold shares of RMT. Sapient Capital LLC boosted its position in shares of Royce Micro-Cap Trust by 2.2% during the 4th quarter. Sapient Capital LLC now owns 98,307 shares of the financial services provider's stock worth $958,000 after acquiring an additional 2,123 shares in the last quarter. Stephens Inc. AR acquired a new position in Royce Micro-Cap Trust in the fourth quarter valued at approximately $124,000. Calamos Advisors LLC increased its stake in Royce Micro-Cap Trust by 146.5% in the fourth quarter. Calamos Advisors LLC now owns 36,395 shares of the financial services provider's stock valued at $355,000 after purchasing an additional 21,629 shares during the last quarter. Revolve Wealth Partners LLC acquired a new stake in Royce Micro-Cap Trust during the fourth quarter worth approximately $148,000. Finally, Flagship Harbor Advisors LLC raised its holdings in Royce Micro-Cap Trust by 7.9% during the fourth quarter. Flagship Harbor Advisors LLC now owns 547,408 shares of the financial services provider's stock worth $5,337,000 after purchasing an additional 40,267 shares in the last quarter. Hedge funds and other institutional investors own 34.98% of the company's stock.

Royce Micro-Cap Trust Trading Down 0.7 %

NYSE RMT traded down $0.07 on Friday, hitting $9.89. 141,261 shares of the stock were exchanged, compared to its average volume of 109,630. Royce Micro-Cap Trust has a fifty-two week low of $8.59 and a fifty-two week high of $10.43. The company has a 50-day moving average price of $9.98 and a 200-day moving average price of $9.74.

Royce Micro-Cap Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Thursday, December 12th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 8.49%.

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.