Fulton Financial Co. (NASDAQ:FULTP) Short Interest Up 100.0% in September

Fulton Financial Co. (NASDAQ:FULTP) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 9,000 shares, a growth of 100.0% from the September 15th total of 4,500 shares. Based on an average daily volume of 15,200 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

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

Fulton Financial Stock Up 1.3 %

NASDAQ FULTP traded up $0.26 on Friday, reaching $19.76. The company had a trading volume of 13,076 shares, compared to its average volume of 15,274. Fulton Financial has a 1 year low of $14.56 and a 1 year high of $20.28. The firm has a 50-day moving average of $18.87 and a 200-day moving average of $18.56.

Fulton Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.3203 per share. This represents a $1.28 dividend on an annualized basis and a yield of 6.48%. The ex-dividend date of this dividend is Monday, September 30th.

Fulton Financial Company Profile

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.