Royce Micro-Cap Trust, Inc. (NYSE:RMT) Short Interest Update

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

Royce Micro-Cap Trust Trading Up 1.0 %

RMT traded up $0.09 during trading hours on Monday, reaching $8.98. The company’s stock had a trading volume of 62,631 shares, compared to its average volume of 110,965. Royce Micro-Cap Trust has a fifty-two week low of $7.67 and a fifty-two week high of $9.51. The business’s 50-day moving average is $9.13 and its 200-day moving average is $8.82.

Royce Micro-Cap Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 11th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 7.57%. The ex-dividend date was Friday, March 8th.

Insider Activity

In other news, President Christopher D. Clark acquired 5,000 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was purchased at an average cost of $9.24 per share, for a total transaction of $46,200.00. Following the completion of the transaction, the president now owns 45,945 shares in the company, valued at $424,531.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Hedge Funds Weigh In On Royce Micro-Cap Trust

Hedge funds have recently modified their holdings of the business. Wealthcare Advisory Partners LLC raised its holdings in Royce Micro-Cap Trust by 42.3% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 20,920 shares of the financial services provider’s stock valued at $193,000 after buying an additional 6,217 shares during the period. ARK & TLK Investments LLC acquired a new stake in shares of Royce Micro-Cap Trust during the fourth quarter valued at about $211,000. International Assets Investment Management LLC raised its stake in shares of Royce Micro-Cap Trust by 846.8% in the 4th quarter. International Assets Investment Management LLC now owns 23,186 shares of the financial services provider’s stock valued at $214,000 after acquiring an additional 20,737 shares during the period. Advisor Resource Council acquired a new position in shares of Royce Micro-Cap Trust in the 4th quarter worth approximately $261,000. Finally, Raymond James Financial Services Advisors Inc. boosted its position in shares of Royce Micro-Cap Trust by 5.5% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 30,426 shares of the financial services provider’s stock worth $281,000 after purchasing an additional 1,591 shares during the period. 34.98% of the stock is currently owned by hedge funds and other institutional investors.

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.