Putnam Premier Income Trust (NYSE:PPT) Short Interest Update

Putnam Premier Income Trust (NYSE:PPT) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 288,187 shares, a growth of 590.8% from the January 15th total of 41,717 shares. Based on an average daily trading volume, of 227,970 shares, the short-interest ratio is presently 1.3 days. Based on an average daily trading volume, of 227,970 shares, the short-interest ratio is presently 1.3 days.

Hedge Funds Weigh In On Putnam Premier Income Trust

Several hedge funds have recently bought and sold shares of PPT. Global Retirement Partners LLC raised its holdings in shares of Putnam Premier Income Trust by 104.1% in the fourth quarter. Global Retirement Partners LLC now owns 10,354 shares of the investment management company’s stock worth $37,000 after acquiring an additional 5,282 shares during the last quarter. Integrity Advisory Solutions LLC acquired a new position in Putnam Premier Income Trust in the 3rd quarter valued at about $44,000. First National Trust Co purchased a new position in Putnam Premier Income Trust in the 3rd quarter valued at about $48,000. Thrivent Financial for Lutherans purchased a new position in Putnam Premier Income Trust in the 3rd quarter valued at about $57,000. Finally, IFP Advisors Inc boosted its stake in shares of Putnam Premier Income Trust by 68.6% during the 2nd quarter. IFP Advisors Inc now owns 19,980 shares of the investment management company’s stock worth $73,000 after purchasing an additional 8,130 shares during the last quarter. Hedge funds and other institutional investors own 42.79% of the company’s stock.

Putnam Premier Income Trust Stock Performance

NYSE:PPT traded down $0.02 during mid-day trading on Wednesday, hitting $3.64. 64,271 shares of the company’s stock traded hands, compared to its average volume of 215,708. The firm’s 50 day simple moving average is $3.58 and its 200 day simple moving average is $3.64. Putnam Premier Income Trust has a 1 year low of $3.40 and a 1 year high of $3.77.

Putnam Premier Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be paid a dividend of $0.026 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.6%. The ex-dividend date of this dividend is Friday, February 20th.

About Putnam Premier Income Trust

Putnam Premier Income Trust (NYSE:PPT) is a diversified closed-end management investment company that seeks to provide current income with a secondary objective of capital appreciation. The trust pursues income through a portfolio of domestic and international fixed-income and equity securities, including high-yield corporate bonds, investment-grade debt, preferred securities and dividend-paying stocks. Its investment strategy emphasizes diversification across credit quality, sector and geography to balance income generation with risk management.

The fund employs leverage, including borrowing and preferred shares, to enhance its income potential within regulatory limits.