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

Cross Timbers Royalty Trust (NYSE:CRT) saw 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. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 30,000 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Citadel Advisors LLC acquired a new stake in Cross Timbers Royalty Trust in the fourth quarter worth about $132,000. Miracle Mile Advisors LLC acquired a new position in shares of Cross Timbers Royalty Trust during the fourth quarter valued at about $148,000. Finally, Beacon Pointe Advisors LLC purchased a new position in shares of Cross Timbers Royalty Trust in the 4th quarter valued at approximately $618,000. 9.74% of the stock is currently owned by hedge funds and other institutional investors.

Cross Timbers Royalty Trust Stock Performance

CRT traded down $0.21 during trading on Monday, hitting $10.73. The stock had a trading volume of 29,423 shares, compared to its average volume of 28,278. The stock has a 50 day simple moving average of $10.43 and a two-hundred day simple moving average of $10.29. Cross Timbers Royalty Trust has a twelve month low of $8.88 and a twelve month high of $17.35. The company has a market capitalization of $64.38 million, a PE ratio of 9.58 and a beta of 0.56.

Cross Timbers Royalty Trust Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $0.0456 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 5.10%. Cross Timbers Royalty Trust’s payout ratio is 48.21%.

About Cross Timbers Royalty Trust

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.