Royce Micro Capital Trust Inc. (NYSE:RMT) Short Interest Update

Royce Micro Capital Trust Inc. (NYSE:RMT) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totalling 18,000 shares, a drop of 66.1% from the August 31st total of 53,100 shares. Based on an average daily trading volume, of 168,700 shares, the days-to-cover ratio is currently 0.1 days.

Shares of NYSE RMT opened at $7.54 on Friday. The company has a 50 day simple moving average of $7.98 and a 200 day simple moving average of $6.99. Royce Micro Capital Trust has a 1 year low of $4.30 and a 1 year high of $8.96.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $0.60 dividend on an annualized basis and a yield of 7.96%.

In related news, Portfolio Manager Charles M. Royce sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, September 18th. The shares were sold at an average price of $7.88, for a total value of $394,000.00. Following the completion of the transaction, the portfolio manager now owns 1,366,024 shares in the company, valued at approximately $10,764,269.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Portfolio Manager Charles M. Royce sold 93,000 shares of the firm’s stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $7.61, for a total transaction of $707,730.00. Following the completion of the transaction, the portfolio manager now owns 1,366,024 shares of the company’s stock, valued at approximately $10,395,442.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 178,000 shares of company stock valued at $1,373,680. 3.98% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in RMT. Jaffetilchin Investment Partners LLC bought a new position in Royce Micro Capital Trust during the 2nd quarter worth approximately $27,000. CSS LLC IL bought a new position in Royce Micro Capital Trust during the 1st quarter worth approximately $68,000. Eidelman Virant Capital bought a new position in Royce Micro Capital Trust during the 2nd quarter worth approximately $81,000. CNH Partners LLC bought a new position in Royce Micro Capital Trust during the 1st quarter worth approximately $105,000. Finally, BEAM Asset Management LLC bought a new position in Royce Micro Capital Trust during the 2nd quarter worth approximately $105,000. Hedge funds and other institutional investors own 27.50% of the company’s stock.

Royce Micro Capital Trust Company Profile

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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