Hugoton Royalty Trust (OTCMKTS:HGTXU) Short Interest Down 8.1% in August

Hugoton Royalty Trust (OTCMKTS:HGTXUGet Rating) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 84,800 shares, a drop of 8.1% from the August 15th total of 92,300 shares. Based on an average trading volume of 509,300 shares, the days-to-cover ratio is currently 0.2 days.

Hugoton Royalty Trust Stock Performance

Hugoton Royalty Trust stock opened at $2.79 on Tuesday. Hugoton Royalty Trust has a 1 year low of $0.05 and a 1 year high of $3.30. The firm’s 50 day moving average price is $2.33 and its two-hundred day moving average price is $1.63.

Hugoton Royalty Trust Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st were given a $0.0968 dividend. This is a positive change from Hugoton Royalty Trust’s previous dividend of $0.07. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a yield of 35.74%.

Hugoton Royalty Trust Company Profile

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Hugoton Royalty Trust operates as an express trust in the United States. It holds 80% net profits interests in various natural gas producing working interest properties in Kansas, Oklahoma, and Wyoming under conveyances. Hugoton Royalty Trust was founded in 1998 and is based in Dallas, Texas.

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