Short Interest in Northern Trust Co. (NASDAQ:NTRSO) Drops By 40.2%

Northern Trust Co. (NASDAQ:NTRSO) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 5,200 shares, a decrease of 40.2% from the April 30th total of 8,700 shares. Based on an average trading volume of 30,500 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Northern Trust

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

Northern Trust Stock Performance

Northern Trust stock traded down $0.04 during mid-day trading on Monday, hitting $19.41. 20,265 shares of the company were exchanged, compared to its average volume of 30,909. Northern Trust has a 1-year low of $19.10 and a 1-year high of $24.29. The business has a fifty day moving average of $19.61 and a 200 day moving average of $20.26.

Northern Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Sunday, June 15th will be issued a $0.2938 dividend. This represents a $1.18 annualized dividend and a yield of 6.05%. The ex-dividend date is Friday, June 13th.

About Northern Trust

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.