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

Key Points

• Short interest surged 1,451.8% in September to 91,899 shares, representing about 0.2% of outstanding shares and 1.2 days of average trading volume.
• Institutional investors own 55.06% of Putnam Mast Int, with PVG Asset Management increasing its position by 155.2% during the first quarter.
• PIM shares recently traded at $3.01, near the lower end of their 12-month range, while the trust declared a monthly $0.022 dividend, implying an annualized yield of approximately 8.8%.

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. PVG Asset Management Corp grew its position in 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 during the period. WealthTrust Axiom LLC lifted its holdings in shares of Putnam Mast Int by 11.3% during the 4th quarter. WealthTrust Axiom LLC now owns 108,000 shares of the company's stock valued at $361,000 after buying an additional 11,000 shares during the period. Baird Financial Group Inc. lifted its holdings in shares of Putnam Mast Int by 6.4% during the 2nd quarter. Baird Financial Group Inc. now owns 66,500 shares of the company's stock valued at $215,000 after buying an additional 4,000 shares during the period. Fortitude Advisory Group L.L.C. boosted its stake in shares of Putnam Mast Int by 17.6% in the 2nd quarter. Fortitude Advisory Group L.L.C. now owns 62,135 shares of the company's stock worth $201,000 after buying an additional 9,316 shares during the last quarter. Finally, Fifth Third Bancorp bought a new stake in shares of Putnam Mast Int in the first quarter worth $120,000. 55.06% of the stock is owned by hedge funds and other institutional investors.

Putnam Mast Int Price Performance

NYSE:PIM traded up $0.02 during mid-day trading on Friday, reaching $3.01. The company's stock had a trading volume of 52,563 shares, compared to its average volume of 86,576. Putnam Mast Int has a 12-month low of $2.95 and a 12-month high of $3.43. The firm's fifty day moving average price is $3.10 and its two-hundred day moving average price is $3.16.

Putnam Mast Int Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 20th will be paid a $0.0220 dividend. The ex-dividend date is Friday, November 20th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 8.8%.

Putnam Mast Int Company Profile

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.

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