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. Based on an average trading volume of 160,010 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 160,010 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in RMT. Saba Capital Management L.P. raised its stake in Royce Otc Micro by 85.7% during the fourth quarter. Saba Capital Management L.P. now owns 2,614,909 shares of the financial services provider’s stock worth $27,274,000 after acquiring an additional 1,206,828 shares during the period. Modern Wealth Management LLC raised its position in shares of Royce Otc Micro by 1.9% during the 2nd quarter. Modern Wealth Management LLC now owns 1,095,569 shares of the financial services provider’s stock worth $10,134,000 after purchasing an additional 20,815 shares during the period. UBS Group AG raised its position in shares of Royce Otc Micro by 1.2% during the 3rd quarter. UBS Group AG now owns 1,043,876 shares of the financial services provider’s stock worth $10,846,000 after purchasing an additional 12,378 shares during the period. LPL Financial LLC lifted its holdings in shares of 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 worth $10,662,000 after purchasing an additional 212,322 shares during the last quarter. Finally, Shaker Financial Services LLC boosted its position in Royce Otc Micro by 12.6% during the 2nd quarter. Shaker Financial Services LLC now owns 1,021,723 shares of the financial services provider’s stock valued at $9,451,000 after purchasing an additional 114,526 shares during the period. 34.98% of the stock is currently owned by institutional investors.

Royce Otc Micro Price Performance

NYSE RMT traded down $0.11 during mid-day trading on Friday, reaching $12.24. 156,655 shares of the company’s stock traded hands, compared to its average volume of 144,249. Royce Otc Micro has a 1-year low of $7.25 and a 1-year high of $12.39. The company has a fifty day simple moving average of $11.45 and a 200-day simple moving average of $10.70.

Royce Otc Micro Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Investors of record on Thursday, December 11th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 7.8%. This is a boost from Royce Otc Micro’s previous quarterly dividend of $0.18. The ex-dividend date was Thursday, December 11th.

Royce Otc Micro Company Profile

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.