PUTNAM MAST INT (NYSE:PIM) Sees Large Decrease in Short Interest

Key Points

• Short interest in PUTNAM MAST INT decreased by 38.3% in July, down to 48,900 shares, indicating a reduced bearish sentiment among investors.
• The company declared a dividend of $0.022, representing a remarkable yield of 786.0%, with the ex-dividend date set for August 18th.
• Institutional investors own 55.06% of the company's stock, with notable recent acquisitions by LPL Financial LLC and Envestnet Asset Management Inc. during the fourth quarter.

PUTNAM MAST INT (NYSE:PIM - Get Free Report) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 48,900 shares, adropof38.3% from the July 15th total of 79,200 shares. Based on an average daily volume of 54,500 shares, the short-interest ratio is currently 0.9 days. Currently,0.1% of the shares of the company are short sold. Currently,0.1% of the shares of the company are short sold. Based on an average daily volume of 54,500 shares, the short-interest ratio is currently 0.9 days.

Institutional Investors Weigh In On PUTNAM MAST INT

Several hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in PUTNAM MAST INT in the 2nd quarter valued at about $25,000. Balefire LLC bought a new position in PUTNAM MAST INT in the 2nd quarter valued at about $35,000. Concurrent Investment Advisors LLC bought a new position in PUTNAM MAST INT in the 1st quarter valued at about $35,000. Jane Street Group LLC bought a new position in PUTNAM MAST INT in the 4th quarter valued at about $35,000. Finally, Citadel Advisors LLC bought a new position in PUTNAM MAST INT in the 4th quarter valued at about $36,000. 55.06% of the stock is currently owned by institutional investors and hedge funds.

PUTNAM MAST INT Trading Down 0.2%

NYSE:PIM traded down $0.0050 during mid-day trading on Friday, hitting $3.3150. The stock had a trading volume of 120,147 shares, compared to its average volume of 129,214. PUTNAM MAST INT has a twelve month low of $3.14 and a twelve month high of $3.45. The company's 50 day simple moving average is $3.34 and its 200 day simple moving average is $3.31.

PUTNAM MAST INT Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, August 29th. Investors of record on Tuesday, August 19th will be paid a $0.022 dividend. This represents a yield of 786.0%. The ex-dividend date is Monday, August 18th.

About PUTNAM MAST INT

Putnam Master Intermediate Income Trust is a closed ended fixed income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in the fixed income markets of the United States. The fund invests in bonds of companies operating across diversified sectors.