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

Fifth Third Bancorp (NASDAQ:FITBP) was the target of a significant drop in short interest in the month of 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 trading volume of 19,600 shares, the short-interest ratio is currently 0.8 days.

Fifth Third Bancorp Stock Up 0.2 %

Shares of FITBP stock traded up $0.06 during trading hours on Friday, reaching $23.75. 3,225 shares of the company traded hands, compared to its average volume of 15,540. The firm has a 50-day moving average price of $23.41 and a 200 day moving average price of $24.13. Fifth Third Bancorp has a 12-month low of $21.01 and a 12-month high of $25.55.

Fifth Third Bancorp Announces Dividend

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

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.