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

Fulton Financial Co. (NASDAQ:FULTP) saw a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 1,800 shares, a drop of 10.0% from the March 15th total of 2,000 shares. Based on an average daily volume of 17,300 shares, the short-interest ratio is currently 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. bought a new position in Fulton Financial Co. (NASDAQ:FULTP) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,500 shares of the company’s stock, valued at approximately $42,000.

Fulton Financial Stock Up 2.0 %

FULTP traded up $0.34 during trading on Wednesday, reaching $17.51. 6,120 shares of the company’s stock were exchanged, compared to its average volume of 17,274. The business has a 50 day moving average price of $18.19 and a 200 day moving average price of $16.96. Fulton Financial has a fifty-two week low of $13.37 and a fifty-two week high of $19.90.

Fulton Financial Dividend Announcement

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

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.