Short Interest in MV Oil Trust (NYSE:MVO) Expands By 33.8%

MV Oil Trust (NYSE:MVO) was the recipient of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 378,800 shares, a growth of 33.8% from the January 31st total of 283,100 shares. Based on an average trading volume of 103,100 shares, the days-to-cover ratio is currently 3.7 days.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of MV Oil Trust from a “buy” rating to a “hold” rating in a research note on Monday.

MV Oil Trust Trading Up 2.1 %

NYSE:MVO opened at $4.89 on Thursday. MV Oil Trust has a twelve month low of $4.63 and a twelve month high of $11.63. The company has a market cap of $56.24 million, a PE ratio of 3.08 and a beta of 0.67. The company’s 50 day moving average is $6.57 and its two-hundred day moving average is $8.18.

MV Oil Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Thursday, January 16th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 19.63%. The ex-dividend date of this dividend was Thursday, January 16th. MV Oil Trust’s payout ratio is 60.38%.

Institutional Trading of MV Oil Trust

A hedge fund recently bought a new stake in MV Oil Trust stock. Marshall Wace LLP bought a new stake in MV Oil Trust (NYSE:MVO) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 37,434 shares of the oil and gas producer’s stock, valued at approximately $301,000. Marshall Wace LLP owned about 0.33% of MV Oil Trust as of its most recent SEC filing. 3.54% of the stock is owned by hedge funds and other institutional investors.

About MV Oil Trust

MV Oil Trust acquires and holds term net profits interests in the oil and natural gas properties of MV Partners, LLC. Its properties wells located in the Mid-Continent region in the states of Kansas and Colorado. MV Oil Trust was incorporated in 2006 and is based in Houston, Texas.