Putnam Mast Int (NYSE:PIM) Short Interest Update

Putnam Mast Int (NYSE:PIM) saw a significant decrease in short interest in September. As of September 15th, there was short interest totaling 5,922 shares, a decrease of 94.7% from the August 31st total of 111,784 shares. Based on an average daily volume of 70,343 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Institutional Trading of Putnam Mast Int

Several hedge funds have recently made changes to their positions in the business. PVG Asset Management Corp boosted its stake in shares of Putnam Mast Int by 155.2% in the first quarter. PVG Asset Management Corp now owns 1,231,891 shares of the company’s stock valued at $3,967,000 after purchasing an additional 749,132 shares during the period. Integrity Advisory Solutions LLC acquired a new position in shares of Putnam Mast Int in the fourth quarter valued at approximately $73,000. Weaver Consulting Group increased its stake in Putnam Mast Int by 20.0% during the 4th quarter. Weaver Consulting Group now owns 42,000 shares of the company’s stock worth $140,000 after buying an additional 7,000 shares during the period. WealthTrust Axiom LLC increased its stake in Putnam Mast Int by 11.3% during the 4th quarter. WealthTrust Axiom LLC now owns 108,000 shares of the company’s stock worth $361,000 after buying an additional 11,000 shares during the period. Finally, Fortitude Advisory Group L.L.C. lifted its holdings in Putnam Mast Int by 17.6% during the 2nd quarter. Fortitude Advisory Group L.L.C. now owns 62,135 shares of the company’s stock worth $201,000 after buying an additional 9,316 shares in the last quarter. Institutional investors and hedge funds own 55.06% of the company’s stock.

Putnam Mast Int Trading Down 0.5%

Shares of PIM traded down $0.01 during midday trading on Thursday, hitting $3.00. 94,167 shares of the stock were exchanged, compared to its average volume of 62,791. Putnam Mast Int has a 52-week low of $2.98 and a 52-week high of $3.46. The stock has a fifty day simple moving average of $3.13 and a 200 day simple moving average of $3.18.

Putnam Mast Int Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be given a $0.0220 dividend. This represents a $0.26 annualized dividend and a yield of 8.8%. The ex-dividend date of this dividend is Friday, November 20th.

Putnam Mast Int Company Profile

Putnam Managed Municipal Income Trust is a closed-end investment company listed on the New York Stock Exchange under the symbol PIM. The fund is managed by Putnam Investment Management, an investment management firm affiliated with Putnam Investments.

The trust’s primary objective is to seek current income that is exempt from federal income tax. It generally invests in a diversified portfolio of municipal securities issued by states, municipalities, and other public entities in the United States.