Royce Otc Micro (NYSE:RMT) Sees Significant Decrease in Short Interest

Royce Otc Micro (NYSE:RMT) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 22,830 shares, a drop of 34.8% from the June 30th total of 35,022 shares. Based on an average trading volume of 139,884 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Royce Otc Micro Price Performance

Shares of Royce Otc Micro stock traded down $0.04 during trading on Friday, hitting $13.65. 40,459 shares of the company’s stock traded hands, compared to its average volume of 142,487. Royce Otc Micro has a twelve month low of $9.25 and a twelve month high of $14.78. The firm’s fifty day moving average price is $14.00 and its 200 day moving average price is $12.81.

Royce Otc Micro Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Thursday, June 11th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 6.2%. The ex-dividend date was Thursday, June 11th. This is a positive change from Royce Otc Micro’s previous quarterly dividend of $0.19.

Insider Buying and Selling

In other news, insider John E. Denneen bought 4,000 shares of Royce Otc Micro stock in a transaction that occurred on Friday, June 5th. The stock was purchased at an average cost of $13.70 per share, with a total value of $54,800.00. Following the completion of the transaction, the insider directly owned 12,232 shares in the company, valued at $167,578.40. This trade represents a 48.59% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.19% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of RMT. Waterfront Wealth Inc. acquired a new position in Royce Otc Micro during the 1st quarter valued at about $2,361,000. Saba Capital Management L.P. grew its holdings in Royce Otc Micro by 13.4% during the 1st quarter. Saba Capital Management L.P. now owns 2,965,400 shares of the financial services provider’s stock worth $33,539,000 after acquiring an additional 350,491 shares during the period. Altium Capital Management LLC grew its holdings in Royce Otc Micro by 179.1% during the 1st quarter. Altium Capital Management LLC now owns 243,050 shares of the financial services provider’s stock worth $2,749,000 after acquiring an additional 155,972 shares during the period. Diversify Wealth Management LLC bought a new stake in shares of Royce Otc Micro during the 1st quarter valued at $731,000. Finally, Blue Bell Private Wealth Management LLC raised its position in shares of Royce Otc Micro by 8.0% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 560,788 shares of the financial services provider’s stock valued at $5,849,000 after acquiring an additional 41,438 shares during the last quarter. Institutional investors and hedge funds own 34.98% of the company’s stock.

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.