Putnam Premier Income Trust (NYSE:PPT) Short Interest Up 29.8% in March

Putnam Premier Income Trust (NYSE:PPT) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 246,216 shares, an increase of 29.8% from the February 26th total of 189,669 shares. Based on an average daily trading volume, of 207,822 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.3% of the shares of the company are sold short.

Putnam Premier Income Trust Trading Down 1.0%

Putnam Premier Income Trust stock traded down $0.04 during trading hours on Friday, hitting $3.44. The stock had a trading volume of 201,252 shares, compared to its average volume of 160,836. The company has a 50-day moving average of $3.58 and a two-hundred day moving average of $3.61. Putnam Premier Income Trust has a fifty-two week low of $3.40 and a fifty-two week high of $3.77.

Putnam Premier Income Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be paid a $0.026 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date is Thursday, May 21st.

Institutional Investors Weigh In On Putnam Premier Income Trust

Several institutional investors and hedge funds have recently bought and sold shares of the business. Sit Investment Associates Inc. increased its holdings in shares of Putnam Premier Income Trust by 3.6% during the fourth quarter. Sit Investment Associates Inc. now owns 28,292,873 shares of the investment management company’s stock worth $100,157,000 after buying an additional 992,088 shares in the last quarter. Invesco Ltd. grew its position in Putnam Premier Income Trust by 24.2% during the 3rd quarter. Invesco Ltd. now owns 1,179,068 shares of the investment management company’s stock worth $4,351,000 after acquiring an additional 229,753 shares during the last quarter. Riverbridge Partners LLC increased its holdings in Putnam Premier Income Trust by 157.6% during the 4th quarter. Riverbridge Partners LLC now owns 609,426 shares of the investment management company’s stock valued at $2,157,000 after purchasing an additional 372,890 shares in the last quarter. Osaic Holdings Inc. raised its position in Putnam Premier Income Trust by 16.6% in the 2nd quarter. Osaic Holdings Inc. now owns 250,042 shares of the investment management company’s stock valued at $918,000 after purchasing an additional 35,615 shares during the last quarter. Finally, Advisors Asset Management Inc. bought a new stake in shares of Putnam Premier Income Trust during the fourth quarter worth $820,000. Institutional investors own 42.79% of the company’s stock.

Putnam Premier Income Trust Company Profile

Putnam Premier Income Trust (NYSE:PPT) is a diversified closed-end management investment company that seeks to provide current income with a secondary objective of capital appreciation. The trust pursues income through a portfolio of domestic and international fixed-income and equity securities, including high-yield corporate bonds, investment-grade debt, preferred securities and dividend-paying stocks. Its investment strategy emphasizes diversification across credit quality, sector and geography to balance income generation with risk management.

The fund employs leverage, including borrowing and preferred shares, to enhance its income potential within regulatory limits.