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

Royce Micro-Cap Trust, Inc. (NYSE:RMT) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 21,800 shares, a growth of 772.0% from the October 31st total of 2,500 shares. Based on an average daily volume of 93,700 shares, the short-interest ratio is presently 0.2 days.

Royce Micro-Cap Trust Price Performance

RMT traded down $0.01 during trading on Wednesday, hitting $10.23. 141,550 shares of the company’s stock were exchanged, compared to its average volume of 98,988. Royce Micro-Cap Trust has a 1 year low of $8.37 and a 1 year high of $10.39. The stock has a 50 day moving average price of $9.71 and a 200 day moving average price of $9.57.

Royce Micro-Cap Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 23rd. Investors of record on Friday, September 13th were given a dividend of $0.18 per share. The ex-dividend date was Friday, September 13th. This represents a $0.72 dividend on an annualized basis and a yield of 7.04%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC boosted its position in shares of Royce Micro-Cap Trust by 1.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,140,342 shares of the financial services provider’s stock worth $10,959,000 after buying an additional 19,049 shares during the period. Shaker Financial Services LLC boosted its holdings in Royce Micro-Cap Trust by 7.8% in the 3rd quarter. Shaker Financial Services LLC now owns 619,270 shares of the financial services provider’s stock worth $5,951,000 after acquiring an additional 44,980 shares during the period. Blue Bell Private Wealth Management LLC grew its position in Royce Micro-Cap Trust by 39.3% in the second quarter. Blue Bell Private Wealth Management LLC now owns 318,672 shares of the financial services provider’s stock valued at $2,929,000 after acquiring an additional 89,882 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Royce Micro-Cap Trust by 5.1% during the second quarter. Cetera Investment Advisers now owns 291,075 shares of the financial services provider’s stock valued at $2,675,000 after purchasing an additional 14,079 shares during the period. Finally, Cetera Advisors LLC purchased a new stake in shares of Royce Micro-Cap Trust during the first quarter valued at approximately $2,593,000. 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.