Fulton Financial Co. (NASDAQ:FULTP) Short Interest Down 78.9% in June

Fulton Financial Co. (NASDAQ:FULTP) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totalling 3,600 shares, a drop of 78.9% from the May 31st total of 17,100 shares. Based on an average daily trading volume, of 12,400 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On Fulton Financial

An institutional investor recently bought a new position 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 the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,500 shares of the company’s stock, valued at approximately $42,000.

Fulton Financial Stock Performance

Shares of NASDAQ FULTP traded down $0.14 during midday trading on Thursday, reaching $18.27. 11,108 shares of the company were exchanged, compared to its average volume of 15,773. Fulton Financial has a 1 year low of $14.56 and a 1 year high of $19.90. The stock has a fifty day simple moving average of $18.53 and a 200 day simple moving average of $18.02.

Fulton Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Sunday, June 30th will be issued a $0.3203 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 7.01%. The ex-dividend date of this dividend is Friday, June 28th.

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.