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

Royce Micro-Cap Trust, Inc. (NYSE:RMT) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 52,200 shares, a growth of 71.1% from the February 13th total of 30,500 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 121,300 shares, the days-to-cover ratio is presently 0.4 days.

Insider Activity

In related news, insider Charles M. Royce sold 50,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $9.97, for a total value of $498,500.00. Following the completion of the sale, the insider now directly owns 1,070,942 shares in the company, valued at $10,677,291.74. This trade represents a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders sold 150,000 shares of company stock worth $1,489,500. 0.18% of the stock is currently owned by insiders.

Institutional Trading of Royce Micro-Cap Trust

A number of institutional investors have recently bought and sold shares of the stock. Roberts Glore & Co. Inc. IL lifted its position in shares of Royce Micro-Cap Trust by 1.7% during the fourth 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 lifted 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 purchasing an additional 1,714 shares during the last quarter. Sapient Capital LLC lifted its position in shares of Royce Micro-Cap Trust by 2.2% during the fourth quarter. Sapient Capital LLC now owns 98,307 shares of the financial services provider’s stock worth $958,000 after purchasing an additional 2,123 shares during the last quarter. Walleye Capital LLC lifted its position in shares of Royce Micro-Cap Trust by 6.9% during the third quarter. Walleye Capital LLC now owns 42,151 shares of the financial services provider’s stock worth $405,000 after purchasing an additional 2,713 shares during the last quarter. Finally, EP Wealth Advisors LLC lifted its position in shares of Royce Micro-Cap Trust by 5.6% during the third quarter. EP Wealth Advisors LLC now owns 58,294 shares of the financial services provider’s stock worth $560,000 after purchasing an additional 3,109 shares during the last quarter. 34.98% of the stock is currently owned by institutional investors.

Royce Micro-Cap Trust Stock Performance

Shares of RMT opened at $8.49 on Monday. The business has a fifty day moving average of $9.65 and a 200 day moving average of $9.71. Royce Micro-Cap Trust has a 52-week low of $8.35 and a 52-week high of $10.43.

Royce Micro-Cap Trust Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Thursday, March 13th will be given a $0.19 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $0.76 dividend on an annualized basis and a yield of 8.96%.

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.