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

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

Royce Micro-Cap Trust Price Performance

RMT stock opened at $9.97 on Friday. The business has a 50 day simple moving average of $9.98 and a 200-day simple moving average of $9.74. Royce Micro-Cap Trust has a twelve month low of $8.59 and a twelve month high of $10.43.

Royce Micro-Cap Trust Dividend Announcement

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

Institutional Investors Weigh In On Royce Micro-Cap Trust

A number of institutional investors and hedge funds have recently made changes to their positions in RMT. Alpha Financial Partners LLC purchased a new position in shares of Royce Micro-Cap Trust during the third quarter worth about $101,000. HighTower Advisors LLC acquired a new stake in Royce Micro-Cap Trust during the 3rd quarter worth approximately $102,000. XTX Topco Ltd purchased a new position in shares of Royce Micro-Cap Trust in the 3rd quarter valued at approximately $104,000. Stephens Inc. AR acquired a new position in shares of Royce Micro-Cap Trust in the fourth quarter valued at approximately $124,000. Finally, Revolve Wealth Partners LLC purchased a new stake in shares of Royce Micro-Cap Trust during the fourth quarter worth approximately $148,000. 34.98% of the stock is owned by hedge funds and other institutional investors.

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.