Putnam Mast Int (NYSE:PIM) Stock Short Interest Drops 47.3%

Putnam Mast Int (NYSE:PIM) was the target of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 48,436 shares, a drop of 47.3% from the September 30th total of 91,899 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 114,473 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of Putnam Mast Int

Hedge funds have recently bought and sold shares of the company. PVG Asset Management Corp increased its position in Putnam Mast Int by 155.2% during the 1st 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. Fifth Third Bancorp purchased a new position in shares of Putnam Mast Int in the 1st quarter valued at approximately $120,000. Ameritas Advisory Services LLC bought a new stake in shares of Putnam Mast Int during the second quarter valued at approximately $240,000. Kraematon Investment Advisors Inc. bought a new stake in shares of Putnam Mast Int during the second quarter valued at approximately $155,000. Finally, Northstar Financial Companies Inc. purchased a new stake in Putnam Mast Int in the first quarter worth $49,000. Institutional investors own 55.06% of the company’s stock.

Putnam Mast Int Price Performance

Shares of NYSE PIM traded up $0.03 during mid-day trading on Friday, hitting $3.04. The company had a trading volume of 170,209 shares, compared to its average volume of 104,005. Putnam Mast Int has a one year low of $2.95 and a one year high of $3.42. The firm has a 50-day simple moving average of $3.06 and a two-hundred day simple moving average of $3.18.

Putnam Mast Int Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date is Friday, November 20th.

About Putnam Mast Int

Putnam Managed Municipal Income Trust (NYSE: PIM) is a closed-end management investment company that seeks to provide high current income that is exempt from federal income tax.

The fund invests primarily in municipal securities issued by states, municipalities and other governmental entities. Its portfolio may include bonds that finance public infrastructure and services, with investment decisions made according to the fund’s objectives, policies and risk considerations.

Putnam Investment Management, LLC serves as the fund’s investment adviser.