Putnam Managed (NYSE:PMM) Short Interest Up 19.6% in January

Putnam Managed (NYSE:PMM) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totaling 44,248 shares, an increase of 19.6% from the December 31st total of 36,990 shares. Based on an average daily trading volume, of 83,461 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 83,461 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On Putnam Managed

Large investors have recently added to or reduced their stakes in the business. Hennion & Walsh Asset Management Inc. grew its position in Putnam Managed by 78.7% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,009,350 shares of the company’s stock worth $6,329,000 after buying an additional 444,374 shares in the last quarter. Guggenheim Capital LLC grew its holdings in shares of Putnam Managed by 10.2% during the second quarter. Guggenheim Capital LLC now owns 997,567 shares of the company’s stock worth $5,965,000 after purchasing an additional 91,933 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of Putnam Managed by 4.1% during the third quarter. Raymond James Financial Inc. now owns 548,110 shares of the company’s stock worth $3,311,000 after purchasing an additional 21,509 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Putnam Managed by 36.4% in the third quarter. Ameriprise Financial Inc. now owns 307,887 shares of the company’s stock worth $1,843,000 after purchasing an additional 82,224 shares during the last quarter. Finally, Van ECK Associates Corp increased its position in shares of Putnam Managed by 1.6% in the third quarter. Van ECK Associates Corp now owns 280,580 shares of the company’s stock worth $1,695,000 after purchasing an additional 4,283 shares during the last quarter. Institutional investors own 13.54% of the company’s stock.

Putnam Managed Price Performance

NYSE:PMM traded up $0.01 during mid-day trading on Tuesday, hitting $6.26. 136,113 shares of the stock traded hands, compared to its average volume of 101,666. The business’s 50-day moving average price is $6.20 and its 200 day moving average price is $6.08. Putnam Managed has a 12-month low of $5.66 and a 12-month high of $6.44.

Putnam Managed Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be given a dividend of $0.0265 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date is Friday, February 20th.

About Putnam Managed

Putnam Managed Municipal Income Trust (NYSE: PMM) is a closed-end management investment company that seeks to provide current income exempt from federal income tax. The trust’s primary business activity is the active management of a diversified portfolio of investment-grade municipal securities, including general obligation and revenue bonds issued by U.S. states and municipalities. Using a flexible approach, PMM’s portfolio managers may also invest in below-investment-grade or unrated municipal securities, subject to quality restrictions, to enhance yield potential.

Established in September 1993, PMM has a long history of targeting tax-exempt income for its shareholders.