Putnam Premier Income Trust (NYSE:PPT) Short Interest Up 101.5% in March

Putnam Premier Income Trust (NYSE:PPT - Get Free Report) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 53,600 shares, an increase of 101.5% from the February 28th total of 26,600 shares. Based on an average daily volume of 175,100 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On Putnam Premier Income Trust

Institutional investors and hedge funds have recently modified their holdings of the stock. South Plains Financial Inc. bought a new stake in shares of Putnam Premier Income Trust during the 4th quarter worth approximately $31,000. Captrust Financial Advisors acquired a new stake in shares of Putnam Premier Income Trust during the fourth quarter worth $47,000. Jones Financial Companies Lllp raised its stake in Putnam Premier Income Trust by 109.8% during the fourth quarter. Jones Financial Companies Lllp now owns 13,716 shares of the investment management company's stock worth $49,000 after buying an additional 7,177 shares during the last quarter. XTX Topco Ltd acquired a new position in Putnam Premier Income Trust in the third quarter valued at $54,000. Finally, IHT Wealth Management LLC boosted its position in shares of Putnam Premier Income Trust by 88.4% during the 3rd quarter. IHT Wealth Management LLC now owns 19,566 shares of the investment management company's stock valued at $73,000 after purchasing an additional 9,183 shares in the last quarter. 42.79% of the stock is currently owned by institutional investors and hedge funds.

Putnam Premier Income Trust Price Performance

Shares of PPT stock traded up $0.02 on Tuesday, hitting $3.63. The stock had a trading volume of 30,287 shares, compared to its average volume of 167,069. The company has a fifty day moving average price of $3.60 and a two-hundred day moving average price of $3.60. Putnam Premier Income Trust has a twelve month low of $3.40 and a twelve month high of $3.74.

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Putnam Premier Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.026 dividend. This represents a $0.31 annualized dividend and a dividend yield of 8.61%. The ex-dividend date was Monday, March 17th.

Putnam Premier Income Trust Company Profile

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.