Short Interest in Fifth Third Bancorp (NASDAQ:FITBP) Declines By 78.8%

Fifth Third Bancorp (NASDAQ:FITBP) was the target of a large drop in short interest in July. As of July 15th, there was short interest totalling 15,900 shares, a drop of 78.8% from the June 30th total of 75,100 shares. Based on an average daily volume of 19,600 shares, the days-to-cover ratio is currently 0.8 days.

Fifth Third Bancorp Price Performance

Shares of NASDAQ:FITBP traded up $0.06 during midday trading on Friday, hitting $23.75. The company had a trading volume of 3,225 shares, compared to its average volume of 15,540. Fifth Third Bancorp has a twelve month low of $21.01 and a twelve month high of $25.55. The business’s 50-day simple moving average is $23.41 and its 200-day simple moving average is $24.13.

Fifth Third Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Thursday, June 27th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.32%. The ex-dividend date of this dividend was Thursday, June 27th.

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.