First Internet Bancorp – Fixed- (NASDAQ:INBKZ) Short Interest Down 48.0% in August

First Internet Bancorp – Fixed- (NASDAQ:INBKZ) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 1,912 shares, a drop of 48.0% from the August 15th total of 3,678 shares. Based on an average daily volume of 1,254 shares, the short-interest ratio is presently 1.5 days.

First Internet Bancorp – Fixed- Trading Down 0.1%

Shares of INBKZ traded down $0.03 during trading hours on Thursday, reaching $25.26. 2,506 shares of the company traded hands, compared to its average volume of 3,364. First Internet Bancorp – Fixed- has a 12 month low of $23.48 and a 12 month high of $25.64. The company’s fifty day moving average price is $25.26 and its two-hundred day moving average price is $24.96.

First Internet Bancorp – Fixed- Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Saturday, August 15th will be given a dividend of $0.5067 per share. This represents a $2.03 annualized dividend and a yield of 8.0%. The ex-dividend date of this dividend is Friday, August 14th. This is a positive change from First Internet Bancorp – Fixed-‘s previous quarterly dividend of $0.50.

About First Internet Bancorp – Fixed-

First Internet Bancorp is a bank holding company whose primary subsidiary, First Internet Bank of Indiana, operates as a fully digital, branchless bank. Founded in 1999 and headquartered in Fishers, Indiana, the company was among the first to deliver comprehensive banking services exclusively online. It is traded on the NASDAQ under the symbol INBKZ.

The company offers a broad range of deposit products, including interest-bearing checking and savings accounts, money market accounts, certificates of deposit, and individual retirement accounts.