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

Royce Micro-Cap Trust, Inc. (NYSE:RMT) was the recipient of a large decline in short interest in September. As of September 15th, there was short interest totalling 25,500 shares, a decline of 16.9% from the August 31st total of 30,700 shares. Based on an average trading volume of 97,600 shares, the short-interest ratio is currently 0.3 days.

Royce Micro-Cap Trust Price Performance

Shares of NYSE RMT traded up $0.05 during mid-day trading on Friday, reaching $9.62. 68,637 shares of the company traded hands, compared to its average volume of 94,206. Royce Micro-Cap Trust has a fifty-two week low of $7.67 and a fifty-two week high of $10.11. The stock has a fifty day simple moving average of $9.53 and a 200-day simple moving average of $9.37.

Royce Micro-Cap Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, September 13th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 7.48%. The ex-dividend date of this dividend was Friday, September 13th.

Insider Buying and Selling at Royce Micro-Cap Trust

In related news, President Christopher D. Clark acquired 5,400 shares of Royce Micro-Cap Trust stock in a transaction that occurred on Friday, August 16th. The stock was acquired at an average price of $9.56 per share, with a total value of $51,624.00. Following the completion of the acquisition, the president now directly owns 53,040 shares of the company’s stock, valued at approximately $507,062.40. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is owned by company insiders.

Institutional Trading of Royce Micro-Cap Trust

A number of hedge funds and other institutional investors have recently modified their holdings of RMT. UBS Group AG grew its stake in shares of 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 worth $8,976,000 after purchasing an additional 54,179 shares during the last quarter. EP Wealth Advisors LLC boosted its stake in shares of Royce Micro-Cap Trust by 2.3% during the 4th quarter. EP Wealth Advisors LLC now owns 53,266 shares of the financial services provider’s stock worth $492,000 after acquiring an additional 1,184 shares in the last quarter. ARK & TLK Investments LLC acquired a new position in shares of Royce Micro-Cap Trust in the 4th quarter worth $211,000. Diversify Advisory Services LLC acquired a new stake in shares of Royce Micro-Cap Trust during the first quarter worth $664,000. Finally, Jaffetilchin Investment Partners LLC lifted its holdings in shares of Royce Micro-Cap Trust by 127.2% during the first quarter. Jaffetilchin Investment Partners LLC now owns 26,471 shares of the financial services provider’s stock valued at $250,000 after purchasing an additional 14,820 shares during the last quarter. Institutional investors own 34.98% of the company’s stock.

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.