Putnam Mast Int (NYSE:PIM) Stock Short Interest Report for September

Putnam Mast Int (NYSE:PIM) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 91,899 shares, an increase of 1,451.8% from the September 15th total of 5,922 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 77,637 shares, the days-to-cover ratio is presently 1.2 days.

Putnam Mast Int Price Performance

Shares of NYSE:PIM traded up $0.02 during trading on Friday, hitting $3.01. The company’s stock had a trading volume of 52,563 shares, compared to its average volume of 86,576. The company has a 50-day moving average of $3.10 and a 200-day moving average of $3.16. Putnam Mast Int has a 12 month low of $2.95 and a 12 month high of $3.43.

Putnam Mast Int Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. PVG Asset Management Corp increased its stake in shares of Putnam Mast Int by 155.2% in the 1st quarter. PVG Asset Management Corp now owns 1,231,891 shares of the company’s stock worth $3,967,000 after purchasing an additional 749,132 shares in the last quarter. Fifth Third Bancorp purchased a new position in Putnam Mast Int during the first quarter valued at $120,000. Ameritas Advisory Services LLC purchased a new position in Putnam Mast Int during the second quarter valued at $240,000. Kraematon Investment Advisors Inc. bought a new stake in Putnam Mast Int during the second quarter valued at about $155,000. Finally, Northstar Financial Companies Inc. bought a new stake in Putnam Mast Int during the first quarter valued at about $49,000. Hedge funds and other institutional investors own 55.06% of the company’s stock.

About Putnam Mast Int

Putnam Master Intermediate Income Trust (NYSE: PIM) is a closed-end investment company managed by Putnam Investment Management, LLC. The trust seeks to provide a high level of current income while emphasizing the preservation of capital.

The fund invests primarily in a diversified portfolio of intermediate-term fixed-income securities. Its holdings may include corporate bonds, U.S. government and agency securities, mortgage-backed and asset-backed securities, municipal obligations, and debt issued by foreign governments and companies.