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

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

Fifth Third Bancorp Price Performance

Fifth Third Bancorp stock traded down $0.13 during midday trading on Monday, hitting $23.47. 7,430 shares of the stock were exchanged, compared to its average volume of 11,911. Fifth Third Bancorp has a fifty-two week low of $23.05 and a fifty-two week high of $25.50. The stock’s 50-day simple moving average is $23.78 and its 200 day simple moving average is $24.40.

Fifth Third Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 27th were issued a $0.375 dividend. The ex-dividend date was Friday, March 27th. This represents a $1.50 dividend on an annualized basis and a yield of 6.4%.

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.