Putnam Master Intermediate Income Trust (NYSE:PIM - Get Free Report) was the recipient of a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 82,300 shares, a drop of 25.7% from the March 15th total of 110,700 shares. Based on an average daily volume of 44,100 shares, the days-to-cover ratio is presently 1.9 days. Currently, 0.2% of the shares of the company are sold short.
Putnam Master Intermediate Income Trust Stock Up 1.2 %
PIM traded up $0.04 during trading on Wednesday, reaching $3.28. 12,091 shares of the company's stock were exchanged, compared to its average volume of 59,544. Putnam Master Intermediate Income Trust has a fifty-two week low of $3.04 and a fifty-two week high of $3.45. The business has a 50 day moving average price of $3.28 and a 200 day moving average price of $3.29.
Putnam Master Intermediate Income Trust Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 17th will be paid a $0.022 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $0.26 dividend on an annualized basis and a yield of 8.05%.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Perigon Wealth Management LLC bought a new stake in shares of Putnam Master Intermediate Income Trust in the 1st quarter valued at approximately $37,000. Consolidated Portfolio Review Corp boosted its stake in Putnam Master Intermediate Income Trust by 12.5% in the 1st quarter. Consolidated Portfolio Review Corp now owns 329,319 shares of the company's stock valued at $1,093,000 after buying an additional 36,533 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in Putnam Master Intermediate Income Trust by 116.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 37,474 shares of the company's stock valued at $124,000 after acquiring an additional 20,196 shares during the period. Janney Montgomery Scott LLC acquired a new position in Putnam Master Intermediate Income Trust during the first quarter worth $448,000. Finally, Northstar Financial Companies Inc. bought a new position in shares of Putnam Master Intermediate Income Trust during the fourth quarter valued at $66,000. Institutional investors and hedge funds own 55.06% of the company's stock.
About Putnam Master Intermediate Income Trust
(
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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