Fifth Third Bancorp (NASDAQ:FITBI) Short Interest Update

by · The Cerbat Gem

Fifth Third Bancorp (NASDAQ:FITBI – Get Free Report) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 31,100 shares, a growth of 104.6% from the May 31st total of 15,200 shares. Based on an average daily trading volume, of 31,500 shares, the days-to-cover ratio is presently 1.0 days.

Fifth Third Bancorp Stock Down 0.4 %

Shares of NASDAQ FITBI opened at $25.36 on Friday. Fifth Third Bancorp has a 1-year low of $24.11 and a 1-year high of $26.25. The company has a 50-day moving average of $25.67 and a two-hundred day moving average of $25.57.

Fifth Third Bancorp Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Thursday, June 27th will be issued a dividend of $0.586 per share. This represents a $2.34 annualized dividend and a yield of 9.24%. The ex-dividend date of this dividend is Thursday, June 27th.

About Fifth Third Bancorp

(Get Free Report)

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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