Royce Micro-Cap Trust, Inc. (NYSE:RMT) Short Interest Up 324.2% in January

Royce Micro-Cap Trust, Inc. (NYSE:RMT) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 75,500 shares, an increase of 324.2% from the December 31st total of 17,800 shares. Based on an average daily trading volume, of 104,300 shares, the short-interest ratio is presently 0.7 days.

Royce Micro-Cap Trust Trading Down 0.5 %

Shares of Royce Micro-Cap Trust stock traded down $0.05 on Tuesday, hitting $9.97. 108,210 shares of the company traded hands, compared to its average volume of 98,671. Royce Micro-Cap Trust has a 52 week low of $8.59 and a 52 week high of $10.43. The business has a 50-day simple moving average of $9.98 and a 200 day simple moving average of $9.73.

Royce Micro-Cap Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Thursday, December 12th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 8.43%. The ex-dividend date was Thursday, December 12th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Cetera Investment Advisers boosted its stake in Royce Micro-Cap Trust by 5.1% during the second quarter. Cetera Investment Advisers now owns 291,075 shares of the financial services provider’s stock worth $2,675,000 after buying an additional 14,079 shares during the period. Sanctuary Advisors LLC purchased a new position in Royce Micro-Cap Trust during the second quarter worth $1,104,000. Allspring Global Investments Holdings LLC boosted its stake in Royce Micro-Cap Trust by 1.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,140,342 shares of the financial services provider’s stock worth $10,959,000 after buying an additional 19,049 shares during the period. International Assets Investment Management LLC boosted its stake in Royce Micro-Cap Trust by 879.2% during the third quarter. International Assets Investment Management LLC now owns 25,527 shares of the financial services provider’s stock worth $2,656,000 after buying an additional 22,920 shares during the period. Finally, Alpha Financial Partners LLC purchased a new position in Royce Micro-Cap Trust during the third quarter worth $101,000. 34.98% of the stock is owned by hedge funds and other institutional investors.

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.