Royce Micro-Cap Trust, Inc. (NYSE:RMT – Get Free Report) was the recipient of a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 37,500 shares, a decline of 20.7% from the March 31st total of 47,300 shares. Based on an average trading volume of 111,100 shares, the days-to-cover ratio is presently 0.3 days.
Royce Micro-Cap Trust Trading Up 1.0 %
RMT traded up $0.09 during trading hours on Monday, reaching $8.98. The company’s stock had a trading volume of 62,631 shares, compared to its average volume of 110,965. Royce Micro-Cap Trust has a fifty-two week low of $7.67 and a fifty-two week high of $9.51. The business’s 50-day moving average is $9.13 and its 200-day moving average is $8.82.
Royce Micro-Cap Trust Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 11th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 7.57%. The ex-dividend date was Friday, March 8th.
Insider Activity
Hedge Funds Weigh In On Royce Micro-Cap Trust
Hedge funds have recently modified their holdings of the business. Wealthcare Advisory Partners LLC raised its holdings in Royce Micro-Cap Trust by 42.3% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 20,920 shares of the financial services provider’s stock valued at $193,000 after buying an additional 6,217 shares during the period. ARK & TLK Investments LLC acquired a new stake in shares of Royce Micro-Cap Trust during the fourth quarter valued at about $211,000. International Assets Investment Management LLC raised its stake in shares of Royce Micro-Cap Trust by 846.8% in the 4th quarter. International Assets Investment Management LLC now owns 23,186 shares of the financial services provider’s stock valued at $214,000 after acquiring an additional 20,737 shares during the period. Advisor Resource Council acquired a new position in shares of Royce Micro-Cap Trust in the 4th quarter worth approximately $261,000. Finally, Raymond James Financial Services Advisors Inc. boosted its position in shares of Royce Micro-Cap Trust by 5.5% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 30,426 shares of the financial services provider’s stock worth $281,000 after purchasing an additional 1,591 shares during the period. 34.98% of the stock is currently 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.
Featured Articles
- Five stocks we like better than Royce Micro-Cap Trust
- 3 Monster Growth Stocks to Buy Now
- The 3 Hottest Insiders Buys This Month
- When to Sell a Stock for Profit or Loss
- What Bulls and Bears May Be Getting Wrong about SOFI Stock
- How to Invest in Insurance Companies: A GuideĀ
- Microsoft Analysis: Trends, Predictions & Investment Insight
Receive News & Ratings for Royce Micro-Cap Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royce Micro-Cap Trust and related companies with MarketBeat.com's FREE daily email newsletter.