Fifth Third Bancorp (NASDAQ:FITBP) Short Interest Down 36.6% in April

Fifth Third Bancorp (NASDAQ:FITBP) was the target of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 12,001 shares, a decrease of 36.6% from the April 15th total of 18,924 shares. Based on an average daily volume of 9,943 shares, the days-to-cover ratio is presently 1.2 days.

Fifth Third Bancorp Trading Up 0.4%

NASDAQ FITBP opened at $23.56 on Tuesday. The firm’s 50 day simple moving average is $23.76 and its 200 day simple moving average is $24.39. Fifth Third Bancorp has a 1 year low of $23.05 and a 1 year high of $25.50.

Fifth Third Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 27th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend was Friday, March 27th.

About Fifth Third Bancorp

Fifth Third Bancorp (NASDAQ:FITBP) is a diversified financial services company headquartered in Cincinnati, Ohio, operating through its banking subsidiary, Fifth Third Bank. The company provides a broad array of banking, lending, and wealth management services to individuals, small businesses, middle-market companies and large corporations. Its core offerings include deposit products, home and auto financing, credit cards, and treasury management solutions, complemented by insurance, investment advisory and trust services.

Founded in 1858 with the merger of Third National Bank and Fifth National Bank, Fifth Third has grown through strategic acquisitions and organic expansion to serve customers across a multi-state footprint in the Midwest and Southeast.