Short Interest in Northern Trust Co. (NASDAQ:NTRSO) Rises By 28.8%

Northern Trust Co. (NASDAQ:NTRSO) was the target of a significant increase in short interest in 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 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 bought a new stake in Northern Trust Co. (NASDAQ:NTRSO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,400 shares of the company’s stock, valued at approximately $310,000.

Northern Trust Stock Performance

Shares of NASDAQ:NTRSO traded up $0.10 during trading on Wednesday, hitting $19.79. The company’s stock had a trading volume of 8,435 shares, compared to its average volume of 29,599. Northern Trust has a fifty-two week low of $19.55 and a fifty-two week high of $24.29. The business has a 50 day moving average price of $20.38 and a two-hundred day moving average price of $21.28.

Northern Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Saturday, March 15th were paid a $0.2938 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.18 dividend on an annualized basis and a yield of 5.94%.

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.