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

Royce Micro-Cap Trust, Inc. (NYSE:RMT) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 55,700 shares, a drop of 26.2% from the December 31st total of 75,500 shares. Based on an average trading volume of 108,700 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its holdings in Royce Micro-Cap Trust by 1.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,140,342 shares of the financial services provider’s stock valued at $10,959,000 after acquiring an additional 19,049 shares in the last quarter. Shaker Financial Services LLC grew its position in shares of Royce Micro-Cap Trust by 7.8% in the third quarter. Shaker Financial Services LLC now owns 619,270 shares of the financial services provider’s stock valued at $5,951,000 after purchasing an additional 44,980 shares during the last quarter. Flagship Harbor Advisors LLC increased its stake in shares of Royce Micro-Cap Trust by 7.9% during the 4th quarter. Flagship Harbor Advisors LLC now owns 547,408 shares of the financial services provider’s stock worth $5,337,000 after purchasing an additional 40,267 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Royce Micro-Cap Trust by 5.1% during the 2nd quarter. Cetera Investment Advisers now owns 291,075 shares of the financial services provider’s stock worth $2,675,000 after purchasing an additional 14,079 shares during the last quarter. Finally, Wolverine Asset Management LLC lifted its stake in Royce Micro-Cap Trust by 46.2% in the 3rd quarter. Wolverine Asset Management LLC now owns 187,725 shares of the financial services provider’s stock valued at $1,804,000 after buying an additional 59,299 shares in the last quarter. Institutional investors and hedge funds own 34.98% of the company’s stock.

Royce Micro-Cap Trust Stock Performance

RMT opened at $9.97 on Friday. Royce Micro-Cap Trust has a 1-year low of $8.59 and a 1-year high of $10.43. The stock’s 50 day simple moving average is $9.98 and its 200 day simple moving average is $9.74.

Royce Micro-Cap Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Thursday, December 12th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 8.42%. The ex-dividend date of this dividend was Thursday, December 12th.

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.