Putnam Mast Int (NYSE:PIM) Short Interest Update

Putnam Mast Int (NYSE:PIM) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 103,451 shares, a drop of 56.4% from the April 15th total of 237,188 shares. Based on an average trading volume of 63,796 shares, the short-interest ratio is currently 1.6 days. Approximately 0.2% of the company’s stock are sold short.

Putnam Mast Int Trading Down 1.3%

NYSE PIM traded down $0.04 during trading hours on Friday, reaching $3.16. 417,903 shares of the company’s stock traded hands, compared to its average volume of 80,221. Putnam Mast Int has a 52-week low of $3.09 and a 52-week high of $3.50. The firm has a 50-day simple moving average of $3.23 and a 200 day simple moving average of $3.29.

Putnam Mast Int Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be issued a $0.022 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) annualized dividend and a yield of 8.4%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. purchased a new position in shares of Putnam Mast Int during the second quarter valued at approximately $25,000. Landscape Capital Management L.L.C. purchased a new position in shares of Putnam Mast Int during the fourth quarter valued at approximately $45,000. Northstar Financial Companies Inc. purchased a new position in shares of Putnam Mast Int during the first quarter valued at approximately $49,000. M3 Wealth Management LLC purchased a new position in shares of Putnam Mast Int during the fourth quarter valued at approximately $68,000. Finally, Integrity Advisory Solutions LLC purchased a new position in shares of Putnam Mast Int during the fourth quarter valued at approximately $73,000. 55.06% of the stock is owned by hedge funds and other institutional investors.

Putnam Mast Int Company Profile

Putnam Master International (NYSE:PIM) is a closed-end management investment company that seeks long-term capital appreciation by investing primarily in equity securities of non-U.S. companies. The fund maintains a diversified portfolio spanning developed and emerging markets, with a focus on identifying businesses offering strong growth potential, attractive valuations and sound corporate governance. Shares of PIM trade on the NYSE, providing investors with a fixed capital structure and the opportunity to gain exposure to global equity markets through a single vehicle.

The fund’s investment team, managed by Putnam Retail Management LP, conducts bottom-up fundamental analysis to select holdings across multiple industries and geographies.