Short Interest in Putnam Mast Int (NYSE:PIM) Drops By 49.8%

Putnam Mast Int (NYSE:PIM) was the recipient of a large decrease in short interest in May. As of May 29th, there was short interest totaling 34,052 shares, a decrease of 49.8% from the May 14th total of 67,771 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 75,103 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On Putnam Mast Int

Several hedge funds have recently bought and sold shares of PIM. Raymond James Financial Inc. purchased a new stake in Putnam Mast Int in the 2nd quarter worth about $25,000. Landscape Capital Management L.L.C. purchased a new stake in Putnam Mast Int in the 4th quarter worth about $45,000. Northstar Financial Companies Inc. purchased a new stake in Putnam Mast Int in the 1st quarter worth about $49,000. M3 Wealth Management LLC purchased a new stake in Putnam Mast Int in the 4th quarter worth about $68,000. Finally, Integrity Advisory Solutions LLC purchased a new stake in Putnam Mast Int in the 4th quarter worth about $73,000. 55.06% of the stock is owned by hedge funds and other institutional investors.

Putnam Mast Int Stock Up 1.3%

Putnam Mast Int stock traded up $0.04 during mid-day trading on Monday, hitting $3.22. The company’s stock had a trading volume of 60,982 shares, compared to its average volume of 80,652. The firm’s 50 day moving average is $3.21 and its 200 day moving average is $3.26. Putnam Mast Int has a 52-week low of $3.07 and a 52-week high of $3.50.

Putnam Mast Int Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be paid a $0.022 dividend. This represents a c) annualized dividend and a yield of 8.2%. The ex-dividend date of this dividend is Monday, August 24th.

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.