MV Oil Trust (NYSE:MVO) was the recipient of a significant decrease in short interest in the month of March. As of March 13th, there was short interest totalling 33,100 shares, a decrease of 38.0% from the February 27th total of 53,400 shares. Based on an average trading volume of 41,600 shares, the short-interest ratio is presently 0.8 days. Approximately 0.5% of the shares of the stock are short sold.
An institutional investor recently raised its position in MV Oil Trust stock. Bank of America Corp DE lifted its holdings in MV Oil Trust (NYSE:MVO) by 3,797.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 136,423 shares of the oil and gas producer’s stock after acquiring an additional 132,923 shares during the period. Bank of America Corp DE owned 1.19% of MV Oil Trust worth $855,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 4.02% of the company’s stock.
Shares of NYSE MVO traded down $0.09 during mid-day trading on Thursday, reaching $2.42. The company’s stock had a trading volume of 83,400 shares, compared to its average volume of 55,276. The firm has a market capitalization of $29.56 million, a PE ratio of 2.26 and a beta of 0.77. The stock has a fifty day moving average of $4.17 and a two-hundred day moving average of $5.89. MV Oil Trust has a 52 week low of $1.76 and a 52 week high of $9.10.
MV Oil Trust acquires and holds net profits interests in the oil and natural gas properties of MV Partners, LLC. Its properties include approximately 900 producing oil and gas wells located in the Mid-Continent region in the states of Kansas and Colorado. The company was founded in 2006 and is based in Houston, Texas.
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