Putnam Premier Income Trust (NYSE:PPT - Get Free Report) saw a significant drop in short interest in December. As of December 31st, there was short interest totalling 43,700 shares, a drop of 51.2% from the December 15th total of 89,500 shares. Based on an average daily trading volume, of 190,900 shares, the short-interest ratio is presently 0.2 days.
Putnam Premier Income Trust Price Performance
Putnam Premier Income Trust stock traded up $0.01 during midday trading on Tuesday, hitting $3.55. 137,084 shares of the company's stock were exchanged, compared to its average volume of 133,936. The stock has a 50-day moving average price of $3.56 and a two-hundred day moving average price of $3.62. Putnam Premier Income Trust has a 52-week low of $3.40 and a 52-week high of $3.74.
Putnam Premier Income Trust Announces Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 24th will be issued a dividend of $0.026 per share. This represents a $0.31 annualized dividend and a dividend yield of 8.79%. The ex-dividend date of this dividend is Friday, January 24th.
Institutional Investors Weigh In On Putnam Premier Income Trust
Institutional investors and hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC increased its holdings in shares of Putnam Premier Income Trust by 273.0% in the 3rd quarter. International Assets Investment Management LLC now owns 197,985 shares of the investment management company's stock worth $738,000 after buying an additional 144,906 shares during the last quarter. Pin Oak Investment Advisors Inc. raised its position in Putnam Premier Income Trust by 77.2% during the third quarter. Pin Oak Investment Advisors Inc. now owns 105,920 shares of the investment management company's stock valued at $395,000 after purchasing an additional 46,135 shares in the last quarter. Dynamic Advisor Solutions LLC bought a new stake in Putnam Premier Income Trust during the third quarter worth about $105,000. XTX Topco Ltd purchased a new position in shares of Putnam Premier Income Trust in the 3rd quarter worth about $54,000. Finally, Gilman Hill Asset Management LLC increased its position in shares of Putnam Premier Income Trust by 73.3% during the 3rd quarter. Gilman Hill Asset Management LLC now owns 26,000 shares of the investment management company's stock valued at $97,000 after purchasing an additional 11,000 shares during the last quarter. 42.79% of the stock is owned by hedge funds and other institutional investors.
About Putnam Premier Income Trust
(
Get Free Report)
Putnam Premier 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 public fixed income markets across the globe. The fund primarily invests in U.S. high-grade and high-yield bonds with an average credit quality of BBB by S&P Corporation.
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