PUTNAM MANAGED (NYSE:PMM) Short Interest Update

Key Points

• PUTNAM MANAGED (NYSE:PMM) saw a **142.3% increase** in short interest in September, rising to **67,600 shares** from 27,900 shares at the end of August.
• The company declared a **monthly dividend of $0.0265 per share**, with an annualized yield of **5.2%**, payable on **October 31st** to investors of record on **October 17th**.
• Institutional investors hold **13.54%** of PUTNAM MANAGED's stock, with significant purchases from firms like Sit Investment Associates and Invesco, which has increased its position by **55.0%** in recent months.

PUTNAM MANAGED (NYSE:PMM - ) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 67,600 shares, an increase of 142.3% from the August 31st total of 27,900 shares. Based on an average daily volume of 90,700 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily volume of 90,700 shares, the days-to-cover ratio is presently 0.7 days.

PUTNAM MANAGED Price Performance

NYSE PMM traded down $0.02 during trading hours on Friday, reaching $6.09. 142,403 shares of the company's stock were exchanged, compared to its average volume of 113,061. The company's 50-day moving average is $5.95 and its two-hundred day moving average is $5.94. PUTNAM MANAGED has a one year low of $5.66 and a one year high of $6.53.

PUTNAM MANAGED Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be paid a dividend of $0.0265 per share. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Friday, October 17th.

Institutional Trading of PUTNAM MANAGED

A number of large investors have recently bought and sold shares of the business. Sit Investment Associates Inc. raised its holdings in shares of PUTNAM MANAGED by 130.8% in the first quarter. Sit Investment Associates Inc. now owns 515,349 shares of the company's stock valued at $3,159,000 after purchasing an additional 292,037 shares during the last quarter. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of PUTNAM MANAGED in the first quarter valued at about $1,587,000. Allworth Financial LP acquired a new stake in shares of PUTNAM MANAGED in the second quarter valued at about $617,000. Invesco Ltd. boosted its position in PUTNAM MANAGED by 55.0% during the second quarter. Invesco Ltd. now owns 261,413 shares of the company's stock valued at $1,563,000 after purchasing an additional 92,727 shares during the last quarter. Finally, Guggenheim Capital LLC grew its stake in PUTNAM MANAGED by 10.2% in the second quarter. Guggenheim Capital LLC now owns 997,567 shares of the company's stock valued at $5,965,000 after purchasing an additional 91,933 shares in the last quarter. 13.54% of the stock is owned by institutional investors.

PUTNAM MANAGED Company Profile

Putnam Managed Municipal Income Trust is a close-ended fixed income mutual fund launched and managed by Putnam Investment Management LLC. It is co-managed by Putnam Investments Limited. The fund invests in the fixed income markets of the United States. It primarily invests in a diversified portfolio of tax-exempt municipal securities, including high-yield securities that are rated below investment grade.

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