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

Royce Micro-Cap Trust, Inc. (NYSE:RMT - Get Free Report) was the target of a significant drop in short interest during the month of 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 volume of 111,100 shares, the short-interest ratio is presently 0.3 days.

Royce Micro-Cap Trust Price Performance

NYSE:RMT traded up $0.12 during midday trading on Friday, hitting $8.89. 59,163 shares of the stock were exchanged, compared to its average volume of 106,886. Royce Micro-Cap Trust has a one year low of $7.67 and a one year high of $9.51. The business has a 50-day moving average price of $9.14 and a two-hundred day moving average price of $8.82.

Royce Micro-Cap Trust Announces Dividend

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

Insider Transactions at Royce Micro-Cap Trust

In other Royce Micro-Cap Trust news, President Christopher D. Clark purchased 5,000 shares of the business's stock in a transaction dated Thursday, March 21st. The shares were bought at an average price of $9.24 per share, with a total value of $46,200.00. Following the completion of the acquisition, the president now owns 45,945 shares in the company, valued at approximately $424,531.80. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.18% of the company's stock.

Institutional Investors Weigh In On Royce Micro-Cap Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RMT. Commonwealth Equity Services LLC grew its position in Royce Micro-Cap Trust by 6.1% in the third quarter. Commonwealth Equity Services LLC now owns 130,880 shares of the financial services provider's stock worth $1,084,000 after buying an additional 7,538 shares during the last quarter. Raymond James & Associates grew its position in Royce Micro-Cap Trust by 1.1% in the third quarter. Raymond James & Associates now owns 298,123 shares of the financial services provider's stock worth $2,468,000 after buying an additional 3,259 shares during the last quarter. Punch & Associates Investment Management Inc. grew its position in Royce Micro-Cap Trust by 21.2% in the third 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. Blue Bell Private Wealth Management LLC grew its position in Royce Micro-Cap Trust by 1.9% in the third quarter. Blue Bell Private Wealth Management LLC now owns 205,692 shares of the financial services provider's stock worth $1,703,000 after buying an additional 3,819 shares during the last quarter. Finally, Shaker Financial Services LLC grew its position in Royce Micro-Cap Trust by 83.4% in the third quarter. Shaker Financial Services LLC now owns 261,497 shares of the financial services provider's stock worth $2,165,000 after buying an additional 118,924 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.