Putnam Master Intermediate Income Trust (NYSE:PIM) Short Interest Down 25.7% in March

Putnam Master Intermediate Income Trust (NYSE:PIM - Get Free Report) was the target of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 82,300 shares, a decline of 25.7% from the March 15th total of 110,700 shares. Based on an average daily volume of 44,100 shares, the short-interest ratio is currently 1.9 days. Approximately 0.2% of the company's stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Stifel Financial Corp grew its stake in shares of Putnam Master Intermediate Income Trust by 317.7% during the 3rd quarter. Stifel Financial Corp now owns 43,122 shares of the company's stock worth $146,000 after acquiring an additional 32,798 shares during the period. Transform Wealth LLC bought a new stake in shares of Putnam Master Intermediate Income Trust in the fourth quarter valued at approximately $555,000. Melfa Wealth Management Inc. boosted its holdings in Putnam Master Intermediate Income Trust by 10.1% in the 4th quarter. Melfa Wealth Management Inc. now owns 81,613 shares of the company's stock worth $266,000 after buying an additional 7,500 shares during the period. Fortitude Advisory Group L.L.C. raised its holdings in Putnam Master Intermediate Income Trust by 9.2% during the 4th quarter. Fortitude Advisory Group L.L.C. now owns 52,819 shares of the company's stock valued at $172,000 after acquiring an additional 4,464 shares during the period. Finally, Chicago Partners Investment Group LLC purchased a new stake in shares of Putnam Master Intermediate Income Trust during the fourth quarter worth $33,000. 55.06% of the stock is owned by institutional investors.

Putnam Master Intermediate Income Trust Trading Down 0.3 %

NYSE PIM traded down $0.01 on Thursday, reaching $3.27. The company had a trading volume of 26,019 shares, compared to its average volume of 42,078. The company's fifty day moving average is $3.28 and its 200 day moving average is $3.29. Putnam Master Intermediate Income Trust has a 52-week low of $3.04 and a 52-week high of $3.45.

Putnam Master Intermediate Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 17th will be issued a dividend of $0.022 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $0.26 dividend on an annualized basis and a yield of 8.07%.

About Putnam Master Intermediate Income Trust

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.