Putnam Master Intermediate Income Trust (NYSE:PIM) Short Interest Update

Putnam Master Intermediate Income Trust (NYSE:PIM - Get Free Report) was the target of a large drop in short interest in February. As of February 28th, there was short interest totalling 64,600 shares, a drop of 22.2% from the February 13th total of 83,000 shares. Based on an average trading volume of 50,600 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.1% of the shares of the stock are short sold.

Putnam Master Intermediate Income Trust Stock Performance

Shares of PIM traded down $0.01 during trading hours on Friday, hitting $3.29. 3,264 shares of the company were exchanged, compared to its average volume of 59,853. The firm has a fifty day simple moving average of $3.30 and a 200-day simple moving average of $3.31. Putnam Master Intermediate Income Trust has a one year low of $3.04 and a one year high of $3.45.

Putnam Master Intermediate Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.022 per share. This represents a $0.26 annualized dividend and a dividend yield of 8.02%. The ex-dividend date of this dividend is Monday, March 17th.

Institutional Investors Weigh In On Putnam Master Intermediate Income Trust

Large investors have recently modified their holdings of the stock. Chicago Partners Investment Group LLC bought a new stake in shares of Putnam Master Intermediate Income Trust during the 4th quarter worth $33,000. Jane Street Group LLC purchased a new position in shares of Putnam Master Intermediate Income Trust during the fourth quarter valued at $35,000. Citadel Advisors LLC purchased a new position in shares of Putnam Master Intermediate Income Trust during the fourth quarter valued at $36,000. Northstar Financial Companies Inc. purchased a new position in shares of Putnam Master Intermediate Income Trust during the fourth quarter valued at $66,000. Finally, Stifel Financial Corp grew its holdings in shares of Putnam Master Intermediate Income Trust by 317.7% during the third quarter. Stifel Financial Corp now owns 43,122 shares of the company's stock valued at $146,000 after buying an additional 32,798 shares in the last quarter. 55.06% of the stock is owned by institutional investors.

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About Putnam Master Intermediate Income Trust

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.