Short Interest in Putnam Master Intermediate Income Trust (NYSE:PIM) Declines By 36.0%

Putnam Master Intermediate Income Trust (NYSE:PIM - Get Free Report) was the target of a large drop in short interest in January. As of January 31st, there was short interest totalling 94,400 shares, a drop of 36.0% from the January 15th total of 147,600 shares. Based on an average daily volume of 57,700 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Trading of Putnam Master Intermediate Income Trust

Large investors have recently made changes to their positions in the stock. Stifel Financial Corp grew its stake in shares of Putnam Master Intermediate Income Trust by 317.7% in the third quarter. Stifel Financial Corp now owns 43,122 shares of the company's stock worth $146,000 after acquiring an additional 32,798 shares during the period. Consolidated Portfolio Review Corp grew its stake in shares of Putnam Master Intermediate Income Trust by 5.8% in the third quarter. Consolidated Portfolio Review Corp now owns 266,762 shares of the company's stock worth $904,000 after acquiring an additional 14,721 shares during the period. Transform Wealth LLC bought a new stake in shares of Putnam Master Intermediate Income Trust in the fourth quarter worth approximately $555,000. Melfa Wealth Management Inc. grew its stake in shares of Putnam Master Intermediate Income Trust by 10.1% in the fourth quarter. Melfa Wealth Management Inc. now owns 81,613 shares of the company's stock worth $266,000 after acquiring an additional 7,500 shares during the period. Finally, Fortitude Advisory Group L.L.C. grew its stake in shares of Putnam Master Intermediate Income Trust by 9.2% in the fourth quarter. Fortitude Advisory Group L.L.C. now owns 52,819 shares of the company's stock worth $172,000 after acquiring an additional 4,464 shares during the period. 55.06% of the stock is currently owned by institutional investors.

Putnam Master Intermediate Income Trust Stock Performance

Shares of PIM stock traded up $0.01 during trading hours on Monday, reaching $3.33. The company had a trading volume of 6,505 shares, compared to its average volume of 46,479. The business has a fifty day moving average price of $3.29 and a 200-day moving average price 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 Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 24th will be paid a $0.022 dividend. The ex-dividend date is Monday, February 24th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 7.94%.

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.