Fifth Third Bancorp (NASDAQ:FITBO – Get Free Report) was the recipient of a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 85,700 shares, a decline of 43.1% from the December 15th total of 150,500 shares. Based on an average daily volume of 25,900 shares, the days-to-cover ratio is currently 3.3 days.
Fifth Third Bancorp Trading Up 1.0 %
FITBO stock traded up $0.21 during trading on Tuesday, hitting $20.29. The stock had a trading volume of 20,338 shares, compared to its average volume of 19,342. The company’s 50 day moving average price is $22.58 and its two-hundred day moving average price is $22.05. Fifth Third Bancorp has a 1-year low of $19.28 and a 1-year high of $24.15.
Fifth Third Bancorp Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 27th were issued a $0.3094 dividend. This represents a $1.24 annualized dividend and a yield of 6.10%. The ex-dividend date of this dividend was Friday, December 27th.
About Fifth Third Bancorp
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.
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