Short Interest in Royce Micro-Cap Trust, Inc. (NYSE:RMT) Expands By 52.5%

Royce Micro-Cap Trust, Inc. (NYSE:RMTGet Rating) saw a significant growth in short interest in March. As of March 31st, there was short interest totalling 33,100 shares, a growth of 52.5% from the March 15th total of 21,700 shares. Based on an average trading volume of 134,800 shares, the short-interest ratio is currently 0.2 days.

A number of hedge funds have recently added to or reduced their stakes in RMT. First Trust Advisors LP lifted its position in Royce Micro-Cap Trust by 4.0% during the first quarter. First Trust Advisors LP now owns 56,708 shares of the financial services provider’s stock valued at $472,000 after purchasing an additional 2,207 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in Royce Micro-Cap Trust by 37.1% during the third quarter. Commonwealth Equity Services LLC now owns 90,219 shares of the financial services provider’s stock valued at $1,030,000 after purchasing an additional 24,403 shares during the last quarter. Raymond James & Associates lifted its position in Royce Micro-Cap Trust by 2.0% during the third quarter. Raymond James & Associates now owns 249,002 shares of the financial services provider’s stock valued at $2,844,000 after purchasing an additional 4,984 shares during the last quarter. Shaker Financial Services LLC lifted its position in Royce Micro-Cap Trust by 31.4% during the third quarter. Shaker Financial Services LLC now owns 490,424 shares of the financial services provider’s stock valued at $5,601,000 after purchasing an additional 117,128 shares during the last quarter. Finally, Advisor Group Holdings Inc. lifted its position in Royce Micro-Cap Trust by 3.3% during the third quarter. Advisor Group Holdings Inc. now owns 139,969 shares of the financial services provider’s stock valued at $1,597,000 after purchasing an additional 4,496 shares during the last quarter. Institutional investors and hedge funds own 41.95% of the company’s stock.

RMT traded down $0.06 during trading on Monday, hitting $10.07. 100 shares of the company traded hands, compared to its average volume of 135,939. Royce Micro-Cap Trust has a 1 year low of $9.35 and a 1 year high of $12.69. The stock has a 50-day moving average price of $10.25.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 24th. Shareholders of record on Friday, March 11th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, March 10th. This represents a $0.92 annualized dividend and a yield of 9.14%.

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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