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

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

Fulton Financial Stock Performance

Shares of NASDAQ:FULTP traded up $0.07 during trading on Tuesday, reaching $19.46. The stock had a trading volume of 17,419 shares, compared to its average volume of 15,449. The business has a fifty day moving average price of $18.72 and a 200-day moving average price of $18.53. Fulton Financial has a fifty-two week low of $14.56 and a fifty-two week high of $20.28.

Fulton Financial Announces Dividend

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

Institutional Inflows and Outflows

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

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.