Putnam Master Intermediate Income Trust (NYSE:PIM) Sees Large Increase in Short Interest

Putnam Master Intermediate Income Trust (NYSE:PIM) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 16,900 shares, an increase of 550.0% from the February 29th total of 2,600 shares. Based on an average daily volume of 58,300 shares, the short-interest ratio is currently 0.3 days.

Putnam Master Intermediate Income Trust Price Performance

PIM remained flat at $3.20 on Thursday. 49,297 shares of the company were exchanged, compared to its average volume of 55,656. Putnam Master Intermediate Income Trust has a 52-week low of $2.90 and a 52-week high of $3.28. The stock’s 50-day simple moving average is $3.20 and its 200-day simple moving average is $3.12.

Putnam Master Intermediate Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Wednesday, April 24th will be given a $0.022 dividend. The ex-dividend date is Tuesday, April 23rd. This represents a $0.26 dividend on an annualized basis and a yield of 8.25%.

Institutional Investors Weigh In On Putnam Master Intermediate Income Trust

Institutional investors and hedge funds have recently bought and sold shares of the stock. WealthShield Partners LLC purchased a new stake in shares of Putnam Master Intermediate Income Trust in the fourth quarter valued at about $32,000. Investors Asset Management of Georgia Inc. GA ADV purchased a new stake in shares of Putnam Master Intermediate Income Trust in the fourth quarter valued at about $34,000. IFG Advisory LLC purchased a new stake in shares of Putnam Master Intermediate Income Trust in the fourth quarter valued at about $34,000. Gridiron Partners LLC acquired a new position in shares of Putnam Master Intermediate Income Trust during the fourth quarter worth about $34,000. Finally, Logan Stone Capital LLC acquired a new position in shares of Putnam Master Intermediate Income Trust during the fourth quarter worth about $38,000. 55.06% of the stock is owned by hedge funds and other institutional investors.

Putnam Master Intermediate Income Trust Company Profile

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.