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

Royce Micro-Cap Trust, Inc. (NYSE:RMT - Get Free Report) saw a large drop in short interest in March. As of March 15th, there was short interest totalling 55,400 shares, a drop of 20.9% from the February 29th total of 70,000 shares. Based on an average daily trading volume, of 113,500 shares, the days-to-cover ratio is currently 0.5 days.

Royce Micro-Cap Trust Trading Up 1.5 %

RMT traded up $0.14 on Friday, reaching $9.45. 136,292 shares of the company traded hands, compared to its average volume of 117,822. Royce Micro-Cap Trust has a one year low of $7.67 and a one year high of $9.51. The firm has a fifty day simple moving average of $9.21 and a two-hundred day simple moving average of $8.72.

Royce Micro-Cap Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 11th were issued a $0.17 dividend. The ex-dividend date was Friday, March 8th. This represents a $0.68 annualized dividend and a dividend yield of 7.20%.

Insider Activity at Royce Micro-Cap Trust

In related news, President Christopher D. Clark acquired 5,000 shares of the firm's stock in a transaction that occurred on Thursday, March 21st. The stock was bought at an average price of $9.24 per share, for a total transaction of $46,200.00. Following the acquisition, the president now directly owns 45,945 shares of the company's stock, valued at approximately $424,531.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Royce Micro-Cap Trust

Large investors have recently modified their holdings of the business. Steward Partners Investment Advisory LLC raised its holdings in shares of Royce Micro-Cap Trust by 45.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,641 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 1,145 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Royce Micro-Cap Trust in the 4th quarter worth approximately $37,000. TD Capital Management LLC purchased a new position in shares of Royce Micro-Cap Trust in the 2nd quarter worth approximately $39,000. Money Concepts Capital Corp purchased a new position in shares of Royce Micro-Cap Trust in the 4th quarter worth approximately $55,000. Finally, Carolinas Wealth Consulting LLC grew its position in shares of Royce Micro-Cap Trust by 38.7% in the 1st quarter. Carolinas Wealth Consulting LLC now owns 9,342 shares of the financial services provider's stock worth $98,000 after buying an additional 2,607 shares during the last quarter. Institutional investors 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.