Fifth Third Bancorp (NASDAQ:FITBI) Short Interest Down 9.6% in April

Fifth Third Bancorp (NASDAQ:FITBI) was the recipient of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 17,000 shares, a drop of 9.6% from the March 31st total of 18,800 shares. Based on an average daily trading volume, of 27,600 shares, the short-interest ratio is presently 0.6 days.

Fifth Third Bancorp Trading Up 0.3 %

Shares of FITBI stock traded up $0.07 during trading hours on Monday, hitting $25.33. The stock had a trading volume of 10,940 shares, compared to its average volume of 28,668. Fifth Third Bancorp has a one year low of $23.40 and a one year high of $26.25. The stock’s 50-day moving average price is $25.54 and its two-hundred day moving average price is $25.35.

Fifth Third Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Thursday, March 28th were given a dividend of $0.5879 per share. The ex-dividend date was Wednesday, March 27th. This represents a $2.35 annualized dividend and a yield of 9.28%. This is a positive change from Fifth Third Bancorp’s previous quarterly dividend of $0.41.

Institutional Trading of Fifth Third Bancorp

A hedge fund recently bought a new stake in Fifth Third Bancorp stock. Operose Advisors LLC purchased a new position in shares of Fifth Third Bancorp (NASDAQ:FITBI) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,220 shares of the company’s stock, valued at approximately $31,000.

Fifth Third Bancorp Company Profile

Fifth Third Bancorp operates as the bank holding company for Fifth Third Bank, National Association that engages in the provision of a range of financial products and services in the United States. It operates through three segments: Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management.