Royce Micro-Cap Trust, Inc. (NYSE:RMT) Short Interest Down 63.3% in May

Royce Micro-Cap Trust, Inc. (NYSE:RMT - Get Free Report) was the recipient of a significant decline in short interest in May. As of May 15th, there was short interest totalling 15,400 shares, a decline of 63.3% from the April 30th total of 42,000 shares. Currently, 0.0% of the company's stock are sold short. Based on an average daily volume of 165,200 shares, the days-to-cover ratio is presently 0.1 days.

Insiders Place Their Bets

In related news, insider Charles M. Royce sold 9,160 shares of the stock in a transaction that occurred on Wednesday, April 16th. The stock was sold at an average price of $7.87, for a total value of $72,089.20. Following the transaction, the insider now owns 961,782 shares in the company, valued at approximately $7,569,224.34. This represents a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.18% of the company's stock.

Hedge Funds Weigh In On Royce Micro-Cap Trust

Several institutional investors have recently bought and sold shares of the stock. Wolverine Asset Management LLC lifted its holdings in Royce Micro-Cap Trust by 88.5% in the 4th quarter. Wolverine Asset Management LLC now owns 353,905 shares of the financial services provider's stock worth $3,451,000 after purchasing an additional 166,180 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its stake in shares of Royce Micro-Cap Trust by 14.4% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 432,511 shares of the financial services provider's stock worth $4,217,000 after buying an additional 54,366 shares during the last quarter. Modern Wealth Management LLC acquired a new position in Royce Micro-Cap Trust in the 4th quarter valued at $10,142,000. Stephens Inc. AR bought a new position in Royce Micro-Cap Trust in the 4th quarter worth $124,000. Finally, Raymond James Financial Inc. bought a new position in Royce Micro-Cap Trust in the 4th quarter worth $3,469,000. 34.98% of the stock is currently owned by institutional investors.

Royce Micro-Cap Trust Stock Performance

Shares of RMT traded down $0.04 during mid-day trading on Monday, hitting $8.71. 145,253 shares of the company's stock were exchanged, compared to its average volume of 116,963. Royce Micro-Cap Trust has a twelve month low of $7.25 and a twelve month high of $10.43. The firm has a fifty day moving average of $8.27 and a two-hundred day moving average of $9.20.

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.