Putnam Premier Income Trust (NYSE:PPT) Sees Significant Increase in Short Interest

Putnam Premier Income Trust (NYSE:PPT - Get Free Report) saw a large increase in short interest in April. As of April 15th, there was short interest totalling 133,700 shares, an increase of 282.0% from the March 31st total of 35,000 shares. Based on an average trading volume of 200,500 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. South Plains Financial Inc. acquired a new position in Putnam Premier Income Trust in the 4th quarter valued at approximately $31,000. Captrust Financial Advisors bought a new stake in shares of Putnam Premier Income Trust in the fourth quarter worth $47,000. Jones Financial Companies Lllp increased its holdings in Putnam Premier Income Trust by 109.8% in the fourth quarter. Jones Financial Companies Lllp now owns 13,716 shares of the investment management company's stock valued at $49,000 after purchasing an additional 7,177 shares during the period. Citadel Advisors LLC bought a new position in Putnam Premier Income Trust during the 4th quarter worth $110,000. Finally, PNC Financial Services Group Inc. raised its position in Putnam Premier Income Trust by 631.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 45,540 shares of the investment management company's stock worth $162,000 after purchasing an additional 39,310 shares during the last quarter. Institutional investors own 42.79% of the company's stock.

Putnam Premier Income Trust Price Performance

PPT traded down $0.01 on Friday, reaching $3.63. The stock had a trading volume of 195,736 shares, compared to its average volume of 165,962. Putnam Premier Income Trust has a fifty-two week low of $3.40 and a fifty-two week high of $3.74. The firm has a 50-day moving average of $3.57 and a 200-day moving average of $3.58.

Putnam Premier Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th were paid a $0.026 dividend. This represents a $0.31 annualized dividend and a dividend yield of 8.60%. The ex-dividend date of this dividend was Thursday, April 17th.

Putnam Premier Income Trust Company Profile

Putnam Premier 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 public fixed income markets across the globe. The fund primarily invests in U.S. high-grade and high-yield bonds with an average credit quality of BBB by S&P Corporation.