Cross Timbers Royalty Trust (NYSE:CRT) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 8,600 shares, an increase of 75.5% from the September 15th total of 4,900 shares. Based on an average trading volume of 23,100 shares, the days-to-cover ratio is currently 0.4 days.
Several institutional investors and hedge funds have recently made changes to their positions in CRT. CWA Asset Management Group LLC increased its holdings in shares of Cross Timbers Royalty Trust by 74.6% during the first quarter. CWA Asset Management Group LLC now owns 22,059 shares of the oil and gas company’s stock worth $125,000 after purchasing an additional 9,425 shares during the period. Advisor Group Holdings Inc. bought a new position in shares of Cross Timbers Royalty Trust during the first quarter worth approximately $108,000. Finally, Steward Partners Investment Advisory LLC bought a new position in shares of Cross Timbers Royalty Trust during the second quarter worth approximately $155,000. 11.10% of the stock is currently owned by institutional investors.
Cross Timbers Royalty Trust stock opened at $5.83 on Friday. Cross Timbers Royalty Trust has a twelve month low of $4.01 and a twelve month high of $9.50. The company’s 50-day moving average price is $5.93 and its two-hundred day moving average price is $6.36. The stock has a market cap of $34.98 million, a P/E ratio of 6.55 and a beta of 1.08.
The firm also recently announced a monthly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were issued a dividend of $0.032 per share. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $0.38 annualized dividend and a dividend yield of 6.59%.
About Cross Timbers Royalty Trust
Cross Timbers Royalty Trust is an express trust, which operates as a trustee of Southwest Bank. It is created to collect and distribute monthly net profits income to unitholders. It has interest in certain royalty and overriding royalty interest properties in Texas, Oklahoma and New Mexico. The firm also has interest in certain working interest properties in Texas and Oklahoma.
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