Royce Micro-Cap Trust, Inc. (NYSE:RMT) Short Interest Down 97.8% in March

Royce Micro-Cap Trust, Inc. (NYSE:RMT - Get Free Report) was the target of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 1,200 shares, a decrease of 97.8% from the March 15th total of 55,400 shares. Based on an average daily volume of 6,000 shares, the short-interest ratio is presently 0.2 days.

Insider Activity at Royce Micro-Cap Trust

In other news, President Christopher D. Clark purchased 5,000 shares of the stock in a transaction on Thursday, March 21st. The stock was purchased at an average price of $9.24 per share, for a total transaction of $46,200.00. Following the acquisition, 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 SEC, which can be accessed through this link. 0.18% of the stock is owned by insiders.

Institutional Investors Weigh In On Royce Micro-Cap Trust

Institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC increased its holdings in shares of Royce Micro-Cap Trust by 24.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,463,810 shares of the financial services provider's stock valued at $13,526,000 after acquiring an additional 286,476 shares in the last quarter. Alexander Randolph Advisory Inc. acquired a new position in shares of Royce Micro-Cap Trust during the 4th quarter worth approximately $9,160,000. UBS Group AG grew its stake in Royce Micro-Cap Trust by 5.9% in the 4th quarter. UBS Group AG now owns 971,466 shares of the financial services provider's stock valued at $8,976,000 after acquiring an additional 54,179 shares during the period. Punch & Associates Investment Management Inc. boosted its holdings in Royce Micro-Cap Trust by 21.2% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 929,785 shares of the financial services provider's stock worth $7,699,000 after buying an additional 162,579 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of Royce Micro-Cap Trust by 8.1% during the first quarter. Bank of America Corp DE now owns 427,272 shares of the financial services provider's stock worth $3,747,000 after purchasing an additional 32,193 shares in the last quarter. 34.98% of the stock is owned by hedge funds and other institutional investors.

Royce Micro-Cap Trust Stock Performance

Shares of NYSE RMT traded down $0.19 during mid-day trading on Wednesday, reaching $9.09. 89,312 shares of the company were exchanged, compared to its average volume of 113,409. Royce Micro-Cap Trust has a 52 week low of $7.67 and a 52 week high of $9.51. The company's 50 day moving average price is $9.23 and its 200 day moving average price is $8.76.

Royce Micro-Cap Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 11th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 7.48%. The ex-dividend date was Friday, March 8th.

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.

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