Putnam Mast Int (NYSE:PIM) Short Interest Update

Putnam Mast Int (NYSE:PIM) was the recipient of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 5,922 shares, a decline of 94.7% from the August 31st total of 111,784 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 70,343 shares, the days-to-cover ratio is presently 0.1 days.

Putnam Mast Int Trading Down 0.5%

Putnam Mast Int stock traded down $0.01 during mid-day trading on Thursday, hitting $3.00. The company’s stock had a trading volume of 94,167 shares, compared to its average volume of 62,791. The stock’s fifty day moving average is $3.13 and its two-hundred day moving average is $3.18. Putnam Mast Int has a 1 year low of $2.98 and a 1 year high of $3.46.

Putnam Mast Int Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 20th will be issued a dividend of $0.0220 per share. The ex-dividend date is Friday, November 20th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 8.8%.

Institutional Trading of Putnam Mast Int

A number of hedge funds and other institutional investors have recently modified their holdings of PIM. OMC Financial Services LTD acquired a new position in Putnam Mast Int in the second quarter valued at about $81,000. Maridea Wealth Management LLC purchased a new stake in shares of Putnam Mast Int in the 2nd quarter valued at approximately $91,000. Arrowroot Family Office LLC purchased a new stake in shares of Putnam Mast Int in the 2nd quarter valued at approximately $100,000. Northstar Financial Companies Inc. acquired a new position in shares of Putnam Mast Int in the 1st quarter worth approximately $49,000. Finally, Kraematon Investment Advisors Inc. acquired a new position in shares of Putnam Mast Int in the 2nd quarter worth approximately $155,000. 55.06% of the stock is owned by institutional investors and hedge funds.

Putnam Mast Int Company Profile

Putnam Managed Municipal Income Trust is a closed-end investment company listed on the New York Stock Exchange under the symbol PIM. The fund is managed by Putnam Investment Management, an investment management firm affiliated with Putnam Investments.

The trust’s primary objective is to seek current income that is exempt from federal income tax. It generally invests in a diversified portfolio of municipal securities issued by states, municipalities, and other public entities in the United States.