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 large growth in short interest in the month of January. As of January 15th, there was short interest totalling 75,500 shares, a growth of 324.2% from the December 31st total of 17,800 shares. Based on an average daily trading volume, of 104,300 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of Royce Micro-Cap Trust

Institutional investors have recently bought and sold shares of the company. Alpha Financial Partners LLC bought a new position in shares of Royce Micro-Cap Trust in the 3rd quarter worth approximately $101,000. HighTower Advisors LLC bought a new position in shares of Royce Micro-Cap Trust in the 3rd quarter worth approximately $102,000. XTX Topco Ltd bought a new stake in Royce Micro-Cap Trust during the 3rd quarter worth approximately $104,000. Stephens Inc. AR bought a new stake in Royce Micro-Cap Trust during the 4th quarter worth approximately $124,000. Finally, Revolve Wealth Partners LLC bought a new stake in Royce Micro-Cap Trust during the 4th quarter worth approximately $148,000. 34.98% of the stock is owned by hedge funds and other institutional investors.

Royce Micro-Cap Trust Stock Performance

RMT stock traded down $0.05 during trading on Tuesday, hitting $9.97. 108,210 shares of the stock traded hands, compared to its average volume of 98,671. Royce Micro-Cap Trust has a 1 year low of $8.59 and a 1 year high of $10.43. The firm’s 50 day moving average is $9.98 and its two-hundred day moving average is $9.73.

Royce Micro-Cap Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors 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 8.43%. The ex-dividend date of this dividend was Thursday, December 12th.

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.