Fulton Financial Co. (NASDAQ:FULTP) Short Interest Up 9.8% in September

Fulton Financial Co. (NASDAQ:FULTP) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 4,500 shares, an increase of 9.8% from the August 31st total of 4,100 shares. Based on an average trading volume of 14,500 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On Fulton Financial

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

Fulton Financial Stock Performance

Fulton Financial stock traded up $0.07 during mid-day trading on Tuesday, hitting $19.46. The company had a trading volume of 17,419 shares, compared to its average volume of 15,449. Fulton Financial has a 1 year low of $14.56 and a 1 year high of $20.28. The business has a fifty day moving average of $18.72 and a 200 day moving average of $18.53.

Fulton Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $0.3203 dividend. The ex-dividend date is Monday, September 30th. This represents a $1.28 dividend on an annualized basis and a yield of 6.58%.

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.