Royce Otc Micro (NYSE:RMT) Short Interest Up 12.5% in April

Royce Otc Micro (NYSE:RMT) was the target of a large growth in short interest in April. As of April 15th, there was short interest totaling 81,629 shares, a growth of 12.5% from the March 31st total of 72,577 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 130,682 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Diversify Wealth Management LLC purchased a new position in shares of Royce Otc Micro in the first quarter valued at $731,000. Altium Capital Management LLC increased its position in shares of Royce Otc Micro by 179.1% in the first quarter. Altium Capital Management LLC now owns 243,050 shares of the financial services provider’s stock valued at $2,749,000 after buying an additional 155,972 shares in the last quarter. Waterfront Wealth Inc. purchased a new position in shares of Royce Otc Micro in the first quarter valued at $2,361,000. Kestra Advisory Services LLC increased its position in shares of Royce Otc Micro by 354.6% in the first quarter. Kestra Advisory Services LLC now owns 17,485 shares of the financial services provider’s stock valued at $198,000 after buying an additional 13,639 shares in the last quarter. Finally, Comprehensive Money Management Services LLC increased its position in shares of Royce Otc Micro by 26.4% in the first quarter. Comprehensive Money Management Services LLC now owns 40,465 shares of the financial services provider’s stock valued at $458,000 after buying an additional 8,450 shares in the last quarter. Hedge funds and other institutional investors own 34.98% of the company’s stock.

Royce Otc Micro Stock Performance

Shares of RMT stock opened at $13.40 on Friday. Royce Otc Micro has a fifty-two week low of $8.14 and a fifty-two week high of $13.45. The business has a fifty day simple moving average of $12.12 and a 200-day simple moving average of $11.28.

Royce Otc Micro Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Thursday, March 12th were given a $0.19 dividend. The ex-dividend date was Thursday, March 12th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.7%.

About Royce Otc Micro

Royce Micro-Cap Trust, Inc (NYSE: RMT) is a closed-end management investment company primarily focused on micro-capitalization equity securities. The trust seeks long-term capital appreciation by investing in small U.S. companies that, due to their relatively low market values, often receive less attention from larger institutional investors.

Managed by Royce & Associates, LLC, RMT employs a fundamental, value-oriented investment strategy grounded in in-depth, bottom-up research. Portfolio managers analyze financial statements, market trends and company management to identify undervalued firms with the potential for significant growth.