Royce Micro-Cap Trust, Inc. (NYSE:RMT) Sees Large Increase in Short Interest

Royce Micro-Cap Trust, Inc. (NYSE:RMT – Get Rating) was the target of a large growth in short interest in May. As of May 15th, there was short interest totalling 149,800 shares, a growth of 214.0% from the April 30th total of 47,700 shares. Based on an average trading volume of 105,900 shares, the days-to-cover ratio is presently 1.4 days.

RMT traded up $0.16 during trading on Friday, hitting $9.51. The company had a trading volume of 95,926 shares, compared to its average volume of 127,945. Royce Micro-Cap Trust has a one year low of $8.56 and a one year high of $12.69. The firm’s 50-day moving average price is $9.78 and its 200 day moving average price is $10.54.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 24th. Investors of record on Friday, March 11th were given a $0.23 dividend. The ex-dividend date was Thursday, March 10th. This represents a $0.92 annualized dividend and a yield of 9.67%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. FCA Corp TX lifted its position in Royce Micro-Cap Trust by 0.3% in the 3rd quarter. FCA Corp TX now owns 306,609 shares of the financial services provider’s stock valued at $3,501,000 after acquiring an additional 849 shares in the last quarter. Ancora Advisors LLC lifted its position in Royce Micro-Cap Trust by 85.0% in the 3rd quarter. Ancora Advisors LLC now owns 2,177 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 1,000 shares in the last quarter. Kingsview Wealth Management LLC lifted its position in Royce Micro-Cap Trust by 3.5% in the 3rd quarter. Kingsview Wealth Management LLC now owns 37,078 shares of the financial services provider’s stock valued at $423,000 after acquiring an additional 1,246 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in Royce Micro-Cap Trust by 126.6% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 2,427 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 1,356 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its position in Royce Micro-Cap Trust by 2.6% in the 1st quarter. D.A. Davidson & CO. now owns 62,853 shares of the financial services provider’s stock valued at $661,000 after acquiring an additional 1,576 shares in the last quarter. 39.68% of the stock is currently owned by institutional investors and hedge funds.

Royce Micro-Cap Trust Company Profile (Get Rating)

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.

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