Putnam Master Intermediate Income Trust (NYSE:PIM - Get Free Report) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 110,700 shares, an increase of 71.4% from the February 28th total of 64,600 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 46,000 shares, the days-to-cover ratio is presently 2.4 days.
Institutional Trading of Putnam Master Intermediate Income Trust
Several large investors have recently modified their holdings of PIM. Stifel Financial Corp increased its position in shares of Putnam Master Intermediate Income Trust by 317.7% during the 3rd quarter. Stifel Financial Corp now owns 43,122 shares of the company's stock valued at $146,000 after purchasing an additional 32,798 shares during the last quarter. Essential Planning LLC. bought a new stake in Putnam Master Intermediate Income Trust during the fourth quarter valued at approximately $676,000. Transform Wealth LLC bought a new stake in Putnam Master Intermediate Income Trust during the fourth quarter valued at approximately $555,000. Fortitude Advisory Group L.L.C. increased its holdings in Putnam Master Intermediate Income Trust by 9.2% during the fourth quarter. Fortitude Advisory Group L.L.C. now owns 52,819 shares of the company's stock valued at $172,000 after buying an additional 4,464 shares during the last quarter. Finally, Melfa Wealth Management Inc. raised its position in 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. Institutional investors own 55.06% of the company's stock.
Putnam Master Intermediate Income Trust Stock Down 0.3 %
Shares of PIM traded down $0.01 during mid-day trading on Wednesday, hitting $3.32. 8,672 shares of the company traded hands, compared to its average volume of 59,370. Putnam Master Intermediate Income Trust has a 1 year low of $3.04 and a 1 year high of $3.45. The stock has a 50-day moving average price of $3.31 and a two-hundred day moving average price of $3.31.
Putnam Master Intermediate Income Trust Announces Dividend
The company also recently declared a monthly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a dividend of $0.022 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.26 annualized dividend and a dividend yield of 7.95%.
Putnam Master Intermediate Income Trust Company Profile
(
Get Free Report)
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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