Short Interest in Fulton Financial Co. (NASDAQ:FULTP) Declines By 10.0%

Fulton Financial Co. (NASDAQ:FULTP) was the target of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 1,800 shares, a decrease of 10.0% from the March 15th total of 2,000 shares. Based on an average trading volume of 17,300 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Fulton Financial

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

Fulton Financial Stock Up 2.0 %

Shares of Fulton Financial stock traded up $0.34 during trading on Wednesday, hitting $17.51. 8,191 shares of the stock were exchanged, compared to its average volume of 17,303. The stock’s fifty day moving average is $18.19 and its 200 day moving average is $16.96. Fulton Financial has a 12 month low of $13.37 and a 12 month high of $19.90.

Fulton Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were given a dividend of $0.3203 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.28 annualized dividend and a dividend yield of 7.32%.

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.