Putnam Master Intermediate Income Trust (NYSE:PIM - Get Free Report) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totalling 201,400 shares, a drop of 21.5% from the September 30th total of 256,600 shares. Based on an average trading volume of 78,100 shares, the days-to-cover ratio is currently 2.6 days.
Institutional Trading of Putnam Master Intermediate Income Trust
Several institutional investors and hedge funds have recently made changes to their positions in PIM. Shaker Financial Services LLC lifted its stake in shares of Putnam Master Intermediate Income Trust by 412.8% during the 2nd quarter. Shaker Financial Services LLC now owns 237,727 shares of the company's stock worth $772,000 after purchasing an additional 191,369 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Putnam Master Intermediate Income Trust by 9.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 812,604 shares of the company's stock worth $2,621,000 after buying an additional 69,175 shares during the period. FDx Advisors Inc. acquired a new stake in Putnam Master Intermediate Income Trust in the 2nd quarter worth about $77,000. WMG Financial Advisors LLC purchased a new stake in Putnam Master Intermediate Income Trust in the 2nd quarter valued at about $64,000. Finally, Consolidated Portfolio Review Corp increased its stake in shares of Putnam Master Intermediate Income Trust by 5.8% during the 3rd quarter. Consolidated Portfolio Review Corp now owns 266,762 shares of the company's stock valued at $904,000 after acquiring an additional 14,721 shares during the last quarter. 55.06% of the stock is currently owned by hedge funds and other institutional investors.
Putnam Master Intermediate Income Trust Trading Up 0.3 %
Shares of PIM traded up $0.01 during mid-day trading on Friday, reaching $3.29. 32,540 shares of the company's stock were exchanged, compared to its average volume of 60,935. Putnam Master Intermediate Income Trust has a 52-week low of $2.90 and a 52-week high of $3.45. The company has a 50-day simple moving average of $3.36 and a two-hundred day simple moving average of $3.26.
Putnam Master Intermediate Income Trust Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 24th will be given a dividend of $0.022 per share. This represents a $0.26 annualized dividend and a yield of 8.02%. The ex-dividend date of this dividend is Thursday, October 24th.
Putnam Master Intermediate Income Trust Company Profile
(
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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.
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