Royce Otc Micro (NYSE:RMT) Short Interest Update

Royce Otc Micro (NYSE:RMT) was the target of a significant decline in short interest in February. As of February 13th, there was short interest totaling 14,778 shares, a decline of 67.6% from the January 29th total of 45,625 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 160,010 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 160,010 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Hedge Funds Weigh In On Royce Otc Micro

Several hedge funds have recently bought and sold shares of the stock. Saba Capital Management L.P. raised its position in shares of Royce Otc Micro by 85.7% in the fourth quarter. Saba Capital Management L.P. now owns 2,614,909 shares of the financial services provider’s stock valued at $27,274,000 after buying an additional 1,206,828 shares during the last quarter. LPL Financial LLC raised its holdings in Royce Otc Micro by 26.2% in the 4th quarter. LPL Financial LLC now owns 1,022,240 shares of the financial services provider’s stock valued at $10,662,000 after acquiring an additional 212,322 shares during the last quarter. Beacon Pointe Advisors LLC purchased a new position in shares of Royce Otc Micro during the 4th quarter worth $2,036,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Royce Otc Micro by 15.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 963,753 shares of the financial services provider’s stock worth $10,013,000 after purchasing an additional 130,855 shares during the period. Finally, Evolve Private Wealth LLC acquired a new stake in shares of Royce Otc Micro during the fourth quarter worth $1,219,000. Hedge funds and other institutional investors own 34.98% of the company’s stock.

Royce Otc Micro Stock Performance

Shares of RMT stock traded down $0.01 during trading hours on Thursday, reaching $12.29. 56,954 shares of the company’s stock were exchanged, compared to its average volume of 152,746. Royce Otc Micro has a 1 year low of $7.25 and a 1 year high of $12.38. The company’s 50 day moving average is $11.38 and its two-hundred day moving average is $10.66.

Royce Otc Micro Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Thursday, December 11th were issued a dividend of $0.24 per share. This is an increase from Royce Otc Micro’s previous quarterly dividend of $0.18. The ex-dividend date was Thursday, December 11th. This represents a $0.96 annualized dividend and a yield of 7.8%.

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.