Putnam Managed (NYSE:PMM) Short Interest Up 24.7% in December

Putnam Managed (NYSE:PMM) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 36,990 shares, a growth of 24.7% from the December 15th total of 29,660 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 150,490 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 150,490 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On Putnam Managed

Several large investors have recently made changes to their positions in the business. Hennion & Walsh Asset Management Inc. grew its stake in shares of Putnam Managed by 78.7% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,009,350 shares of the company’s stock worth $6,329,000 after purchasing an additional 444,374 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Putnam Managed by 18.7% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 11,873 shares of the company’s stock worth $72,000 after buying an additional 1,873 shares in the last quarter. Bank of America Corp DE grew its position in Putnam Managed by 4.8% in the third quarter. Bank of America Corp DE now owns 131,223 shares of the company’s stock worth $793,000 after buying an additional 5,971 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Putnam Managed by 36.4% in the third quarter. Ameriprise Financial Inc. now owns 307,887 shares of the company’s stock valued at $1,843,000 after buying an additional 82,224 shares in the last quarter. Finally, Raymond James Financial Inc. increased its holdings in shares of Putnam Managed by 4.1% in the third quarter. Raymond James Financial Inc. now owns 548,110 shares of the company’s stock valued at $3,311,000 after buying an additional 21,509 shares in the last quarter. Institutional investors own 13.54% of the company’s stock.

Putnam Managed Stock Up 0.2%

Shares of PMM traded up $0.02 during midday trading on Friday, reaching $6.27. The stock had a trading volume of 125,570 shares, compared to its average volume of 92,094. Putnam Managed has a 52 week low of $5.66 and a 52 week high of $6.44. The firm’s 50 day moving average price is $6.17 and its 200-day moving average price is $6.05.

Putnam Managed Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be given a $0.0265 dividend. The ex-dividend date is Friday, February 20th. This represents a c) annualized dividend and a yield of 5.1%.

About Putnam Managed

Putnam Managed Municipal Income Trust (NYSE: PMM) is a closed-end management investment company that seeks to provide current income exempt from federal income tax. The trust’s primary business activity is the active management of a diversified portfolio of investment-grade municipal securities, including general obligation and revenue bonds issued by U.S. states and municipalities. Using a flexible approach, PMM’s portfolio managers may also invest in below-investment-grade or unrated municipal securities, subject to quality restrictions, to enhance yield potential.

Established in September 1993, PMM has a long history of targeting tax-exempt income for its shareholders.