Short Interest in Royce Otc Micro (NYSE:RMT) Expands By 25.5%

Royce Otc Micro (NYSE:RMT) was the recipient of a large growth in short interest in March. As of March 13th, there was short interest totaling 61,307 shares, a growth of 25.5% from the February 26th total of 48,833 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 152,132 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On Royce Otc Micro

Institutional investors have recently modified their holdings of the company. Beacon Pointe Advisors LLC acquired a new stake in Royce Otc Micro in the 4th quarter valued at $2,036,000. EP Wealth Advisors LLC bought a new position in shares of Royce Otc Micro in the fourth quarter valued at $464,000. Saba Capital Management L.P. grew its holdings in shares of 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 valued at $27,274,000 after buying an additional 1,206,828 shares during the last quarter. Rivernorth Capital Management LLC increased its position in shares of Royce Otc Micro by 6.6% during the fourth quarter. Rivernorth Capital Management LLC now owns 893,126 shares of the financial services provider’s stock worth $9,315,000 after acquiring an additional 55,345 shares in the last quarter. Finally, Evolve Private Wealth LLC acquired a new stake in shares of Royce Otc Micro in the 4th quarter worth about $1,219,000. 34.98% of the stock is owned by institutional investors and hedge funds.

Royce Otc Micro Stock Up 1.7%

NYSE RMT traded up $0.20 on Wednesday, hitting $11.51. 9,895 shares of the company were exchanged, compared to its average volume of 150,360. The stock has a fifty day moving average of $11.74 and a 200-day moving average of $10.94. Royce Otc Micro has a 12 month low of $7.25 and a 12 month high of $12.50.

Royce Otc Micro Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Thursday, March 12th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend was Thursday, March 12th.

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.