Short Interest in Northern Trust Co. (NASDAQ:NTRSO) Rises By 28.8%

Northern Trust Co. (NASDAQ:NTRSO) was the recipient of a large increase in short interest in March. As of March 15th, there was short interest totalling 8,500 shares, an increase of 28.8% from the February 28th total of 6,600 shares. Based on an average daily volume of 42,200 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Northern Trust stock. 10Elms LLP acquired a new position in shares of Northern Trust Co. (NASDAQ:NTRSO) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 15,400 shares of the company’s stock, valued at approximately $310,000.

Northern Trust Trading Up 0.5 %

Shares of NASDAQ:NTRSO traded up $0.10 during midday trading on Wednesday, reaching $19.79. 8,435 shares of the company’s stock traded hands, compared to its average volume of 29,599. The company has a fifty day simple moving average of $20.38 and a two-hundred day simple moving average of $21.28. Northern Trust has a 1 year low of $19.55 and a 1 year high of $24.29.

Northern Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Saturday, March 15th were paid a dividend of $0.2938 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 5.94%.

Northern Trust Company Profile

Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services.