Royce Micro-Cap Trust, Inc. (NYSE:RMT) Sees Significant Growth in Short Interest

Royce Micro-Cap Trust, Inc. (NYSE:RMT - Get Free Report) saw a significant increase in short interest in February. As of February 28th, there was short interest totalling 52,200 shares, an increase of 71.1% from the February 13th total of 30,500 shares. Currently, 0.1% of the company's stock are short sold. Based on an average daily volume of 121,300 shares, the days-to-cover ratio is currently 0.4 days.

Royce Micro-Cap Trust Price Performance

RMT traded up $0.12 during trading hours on Wednesday, reaching $8.70. 146,445 shares of the stock traded hands, compared to its average volume of 103,888. Royce Micro-Cap Trust has a fifty-two week low of $8.35 and a fifty-two week high of $10.43. The firm's fifty day simple moving average is $9.60 and its two-hundred day simple moving average is $9.70.

Royce Micro-Cap Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Thursday, March 13th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.76 annualized dividend and a dividend yield of 8.74%.

Insiders Place Their Bets

In other news, insider Charles M. Royce sold 50,000 shares of Royce Micro-Cap Trust stock in a transaction that occurred on Friday, January 31st. The shares were 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 trade represents a 4.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 150,000 shares of company stock worth $1,489,500 over the last quarter. 0.18% of the stock is owned by corporate insiders.

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Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Roberts Glore & Co. Inc. IL increased its holdings in Royce Micro-Cap Trust by 1.7% during the 4th quarter. Roberts Glore & Co. Inc. IL now owns 88,752 shares of the financial services provider's stock worth $865,000 after purchasing an additional 1,498 shares during the last quarter. Jaffetilchin Investment Partners LLC grew its position in shares of Royce Micro-Cap Trust by 12.5% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 15,418 shares of the financial services provider's stock worth $150,000 after buying an additional 1,714 shares in the last quarter. Sapient Capital LLC increased its stake in shares of Royce Micro-Cap Trust by 2.2% in the fourth quarter. Sapient Capital LLC now owns 98,307 shares of the financial services provider's stock worth $958,000 after buying an additional 2,123 shares during the last quarter. Walleye Capital LLC increased its stake in shares of Royce Micro-Cap Trust by 6.9% in the third quarter. Walleye Capital LLC now owns 42,151 shares of the financial services provider's stock worth $405,000 after buying an additional 2,713 shares during the last quarter. Finally, EP Wealth Advisors LLC raised its holdings in 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 valued at $560,000 after acquiring an additional 3,109 shares in the last quarter. 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.