Short Interest in Royce Micro-Cap Trust, Inc. (NYSE:RMT) Declines By 20.7%

Royce Micro-Cap Trust, Inc. (NYSE:RMT) was the target of a significant drop in short interest in April. As of April 15th, there was short interest totalling 37,500 shares, a drop of 20.7% from the March 31st total of 47,300 shares. Based on an average daily trading volume, of 111,100 shares, the days-to-cover ratio is presently 0.3 days.

Royce Micro-Cap Trust Stock Up 1.4 %

Royce Micro-Cap Trust stock traded up $0.12 during midday trading on Friday, hitting $8.89. The stock had a trading volume of 59,163 shares, compared to its average volume of 106,886. The business has a fifty day moving average price of $9.14 and a 200 day moving average price of $8.81. Royce Micro-Cap Trust has a 12 month low of $7.67 and a 12 month high of $9.51.

Royce Micro-Cap Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 11th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 7.65%. The ex-dividend date of this dividend was Friday, March 8th.

Insider Activity

In other news, President Christopher D. Clark acquired 5,000 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were bought at an average price of $9.24 per share, for a total transaction of $46,200.00. Following the completion of the purchase, the president now directly owns 45,945 shares of the company’s stock, valued at approximately $424,531.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.18% of the company’s stock.

Hedge Funds Weigh In On Royce Micro-Cap Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. EP Wealth Advisors LLC increased its holdings in shares of Royce Micro-Cap Trust by 2.3% in the 4th quarter. EP Wealth Advisors LLC now owns 53,266 shares of the financial services provider’s stock worth $492,000 after acquiring an additional 1,184 shares during the period. WealthShield Partners LLC raised its holdings in shares of Royce Micro-Cap Trust by 3.0% during the fourth quarter. WealthShield Partners LLC now owns 44,228 shares of the financial services provider’s stock valued at $409,000 after buying an additional 1,307 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of Royce Micro-Cap Trust by 5.5% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 30,426 shares of the financial services provider’s stock worth $281,000 after buying an additional 1,591 shares during the period. Sapient Capital LLC grew its holdings in Royce Micro-Cap Trust by 1.9% in the 1st quarter. Sapient Capital LLC now owns 87,292 shares of the financial services provider’s stock worth $825,000 after buying an additional 1,612 shares in the last quarter. Finally, Moors & Cabot Inc. increased its position in Royce Micro-Cap Trust by 2.3% in the 3rd quarter. Moors & Cabot Inc. now owns 102,929 shares of the financial services provider’s stock valued at $852,000 after acquiring an additional 2,284 shares during the period. 34.98% of the stock is currently owned by institutional investors and hedge funds.

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.