Northern Trust Co. (NASDAQ:NTRSO) Short Interest Up 28.8% in March

Northern Trust Co. (NASDAQ:NTRSO) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 8,500 shares, an increase of 28.8% from the February 28th total of 6,600 shares. Based on an average daily volume of 42,200 shares, the days-to-cover ratio is currently 0.2 days.

Northern Trust Stock Down 0.5 %

Shares of NTRSO stock traded down $0.10 during trading on Monday, hitting $19.76. 159,743 shares of the stock traded hands, compared to its average volume of 36,746. Northern Trust has a 52-week low of $19.55 and a 52-week high of $24.29. The firm’s fifty day moving average price is $20.42 and its 200-day moving average price is $21.32.

Northern Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Saturday, March 15th will be paid a $0.2938 dividend. This represents a $1.18 annualized dividend and a dividend yield of 5.95%. The ex-dividend date of this dividend is Friday, March 14th.

Hedge Funds Weigh In On Northern Trust

A hedge fund recently bought a new stake in Northern Trust stock. 10Elms LLP bought a new stake in Northern Trust Co. (NASDAQ:NTRSO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 15,400 shares of the company’s stock, valued at approximately $310,000.

Northern Trust Company Profile

Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services.