Zions Bancorporation, National Association (NASDAQ:ZIONO) Sees Large Drop in Short Interest

Zions Bancorporation, National Association (NASDAQ:ZIONO) was the target of a significant decrease in short interest in September. As of September 15th, there was short interest totalling 7,500 shares, a decrease of 14.8% from the August 31st total of 8,800 shares. Based on an average trading volume of 19,400 shares, the days-to-cover ratio is currently 0.4 days.

Zions Bancorporation, National Association Stock Performance

Shares of NASDAQ:ZIONO opened at $26.66 on Monday. The business has a 50-day moving average of $25.85 and a two-hundred day moving average of $25.63. Zions Bancorporation, National Association has a 12 month low of $24.75 and a 12 month high of $27.67.

Zions Bancorporation, National Association Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Sunday, September 1st were paid a dividend of $0.6219 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.49 annualized dividend and a yield of 9.33%. This is a boost from Zions Bancorporation, National Association’s previous quarterly dividend of $0.61.

Institutional Trading of Zions Bancorporation, National Association

An institutional investor recently bought a new position in Zions Bancorporation, National Association stock. Silvercrest Asset Management Group LLC bought a new stake in Zions Bancorporation, National Association (NASDAQ:ZIONO) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,000 shares of the company’s stock, valued at approximately $228,000.

About Zions Bancorporation, National Association

Zions Bancorporation, National Association provides various banking products and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. It operates through Zions Bank, California Bank & Trust, Amegy Bank, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and The Commerce Bank of Washington segments.