Northern Trust Co. (NASDAQ:NTRSO) Sees Significant Increase in Short Interest

Northern Trust Co. (NASDAQ:NTRSO) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 18,800 shares, a growth of 29.7% from the March 31st total of 14,500 shares. Based on an average daily trading volume, of 31,800 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Investors Weigh In On Northern Trust

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

Northern Trust Trading Up 1.3 %

Shares of NASDAQ:NTRSO opened at $19.77 on Friday. The firm’s 50 day moving average price is $19.89 and its 200-day moving average price is $20.70. Northern Trust has a twelve month low of $19.10 and a twelve month high of $24.29.

Northern Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Sunday, June 15th will be paid a dividend of $0.2938 per share. This represents a $1.18 dividend on an annualized basis and a yield of 5.94%. The ex-dividend date is Friday, June 13th.

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.