Short Interest in Northern Trust Co. (NASDAQ:NTRSO) Decreases By 27.5%

Northern Trust Co. (NASDAQ:NTRSO) was the target of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 6,600 shares, a decline of 27.5% from the February 13th total of 9,100 shares. Based on an average trading volume of 43,500 shares, the days-to-cover ratio is presently 0.2 days.

Northern Trust Price Performance

Shares of NTRSO traded down $0.02 during mid-day trading on Tuesday, reaching $20.14. The company’s stock had a trading volume of 34,869 shares, compared to its average volume of 28,983. Northern Trust has a 1 year low of $19.55 and a 1 year high of $24.29. The business has a fifty day moving average of $20.43 and a 200 day moving average of $21.45.

Northern Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Saturday, March 15th will be issued a dividend of $0.2938 per share. This represents a $1.18 annualized dividend and a dividend yield of 5.83%. The ex-dividend date of this dividend is Friday, March 14th.

Institutional Inflows and Outflows

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

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.