Short Interest in Fulton Financial Co. (NASDAQ:FULTP) Declines By 10.0%

Fulton Financial Co. (NASDAQ:FULTP) was the target of a large decline in short interest in March. As of March 31st, there was short interest totalling 1,800 shares, a decline of 10.0% from the March 15th total of 2,000 shares. Based on an average daily trading volume, of 17,300 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Fulton Financial

A hedge fund recently bought a new stake in Fulton Financial stock. PNC Financial Services Group Inc. purchased a new position in shares of Fulton Financial Co. (NASDAQ:FULTP) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,500 shares of the company’s stock, valued at approximately $42,000.

Fulton Financial Stock Performance

Shares of NASDAQ:FULTP traded up $0.34 on Wednesday, hitting $17.51. The company’s stock had a trading volume of 6,120 shares, compared to its average volume of 17,274. The company has a 50-day simple moving average of $18.19 and a 200 day simple moving average of $16.96. Fulton Financial has a 1 year low of $13.37 and a 1 year high of $19.90.

Fulton Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were issued a $0.3203 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 7.32%. The ex-dividend date was Wednesday, March 27th.

About Fulton Financial

Fulton Financial Corporation operates as a financial holding company that provides consumer and commercial banking products and services in Pennsylvania, Delaware, Maryland, New Jersey, and Virginia. It accepts various checking accounts and savings deposit products, certificates of deposit, and individual retirement accounts.