Fifth Third Bancorp (NASDAQ:FITBI) Short Interest Down 58.0% in September

Fifth Third Bancorp (NASDAQ:FITBI) was the recipient of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 2,900 shares, a decrease of 58.0% from the August 31st total of 6,900 shares. Based on an average daily volume of 36,600 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 36,600 shares, the days-to-cover ratio is presently 0.1 days.

Fifth Third Bancorp Stock Performance

Shares of Fifth Third Bancorp stock opened at $25.64 on Friday. The business has a 50 day moving average of $25.65 and a 200 day moving average of $25.51. Fifth Third Bancorp has a 52 week low of $24.75 and a 52 week high of $26.25.

Fifth Third Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 26th were given a $0.5281 dividend. The ex-dividend date of this dividend was Friday, September 26th. This represents a $2.11 annualized dividend and a dividend yield of 8.2%. This is an increase from Fifth Third Bancorp’s previous quarterly dividend of $0.52.

Fifth Third Bancorp Company Profile

Fifth Third Bancorp operates as the bank holding company for Fifth Third Bank, National Association that engages in the provision of a range of financial products and services in the United States. It operates through three segments: Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management.