Royce Micro-Cap Trust, Inc. (NYSE:RMT) Short Interest Down 26.2% in January

Royce Micro-Cap Trust, Inc. (NYSE:RMT - Get Free Report) saw a large decline in short interest in January. As of January 15th, there was short interest totalling 55,700 shares, a decline of 26.2% from the December 31st total of 75,500 shares. Based on an average daily trading volume, of 108,700 shares, the short-interest ratio is currently 0.5 days.

Insider Transactions at Royce Micro-Cap Trust

In related news, insider Charles M. Royce sold 50,000 shares of the company's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $9.94, for a total transaction of $497,000.00. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its holdings in Royce Micro-Cap Trust by 1.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,140,342 shares of the financial services provider's stock worth $10,959,000 after acquiring an additional 19,049 shares in the last quarter. Shaker Financial Services LLC boosted its holdings in Royce Micro-Cap Trust by 7.8% in the third quarter. Shaker Financial Services LLC now owns 619,270 shares of the financial services provider's stock worth $5,951,000 after acquiring an additional 44,980 shares in the last quarter. Flagship Harbor Advisors LLC raised its stake in shares of Royce Micro-Cap Trust by 7.9% in 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 during the last quarter. Wolverine Asset Management LLC raised its stake in shares of Royce Micro-Cap Trust by 88.5% in the fourth quarter. Wolverine Asset Management LLC now owns 353,905 shares of the financial services provider's stock worth $3,451,000 after purchasing an additional 166,180 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of Royce Micro-Cap Trust by 5.1% in the second quarter. Cetera Investment Advisers now owns 291,075 shares of the financial services provider's stock worth $2,675,000 after purchasing an additional 14,079 shares during the last quarter. Institutional investors own 34.98% of the company's stock.

Royce Micro-Cap Trust Stock Up 1.0 %

Shares of Royce Micro-Cap Trust stock traded up $0.10 on Tuesday, hitting $9.90. 128,576 shares of the company's stock traded hands, compared to its average volume of 111,862. Royce Micro-Cap Trust has a one year low of $8.59 and a one year high of $10.43. The company has a fifty day moving average of $9.98 and a two-hundred day moving average of $9.74.

Royce Micro-Cap Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Thursday, December 12th were issued a $0.21 dividend. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $0.84 annualized dividend and a yield of 8.48%.

Royce Micro-Cap Trust Company Profile

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.