Short Interest in Cross Timbers Royalty Trust (NYSE:CRT) Drops By 34.2%

Cross Timbers Royalty Trust (NYSE:CRT) was the target of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 10,200 shares, a decrease of 34.2% from the January 31st total of 15,500 shares. Based on an average daily trading volume, of 30,000 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the shares of the stock are short sold.

Cross Timbers Royalty Trust Trading Up 1.1 %

Cross Timbers Royalty Trust stock opened at $10.94 on Friday. Cross Timbers Royalty Trust has a 12-month low of $8.88 and a 12-month high of $17.44. The stock has a market cap of $65.64 million, a P/E ratio of 9.77 and a beta of 0.56. The company has a 50-day moving average price of $10.43 and a 200 day moving average price of $10.29.

Cross Timbers Royalty Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.0456 per share. This represents a $0.55 annualized dividend and a yield of 5.00%. The ex-dividend date of this dividend is Friday, February 28th. Cross Timbers Royalty Trust’s payout ratio is currently 48.21%.

Institutional Investors Weigh In On Cross Timbers Royalty Trust

Hedge funds and other institutional investors have recently bought and sold shares of the company. Citadel Advisors LLC acquired a new stake in Cross Timbers Royalty Trust during the fourth quarter worth about $132,000. Miracle Mile Advisors LLC purchased a new position in Cross Timbers Royalty Trust during the fourth quarter worth about $148,000. Finally, Beacon Pointe Advisors LLC purchased a new position in Cross Timbers Royalty Trust during the fourth quarter worth about $618,000. 9.74% of the stock is currently owned by institutional investors and hedge funds.

Cross Timbers Royalty Trust Company Profile

Cross Timbers Royalty Trust operates as an express trust in the United States. It holds 90% net profits interests in certain producing and nonproducing royalty and overriding royalty interest properties in Texas, Oklahoma, and New Mexico; and 75% net profits working interest in four properties in Texas and three properties in Oklahoma.