Putnam Master Intermediate Income Trust (NYSE:PIM) Short Interest Update

Putnam Master Intermediate Income Trust (NYSE:PIM - Get Free Report) was the target of a significant decline in short interest in January. As of January 15th, there was short interest totalling 147,600 shares, a decline of 14.2% from the December 31st total of 172,100 shares. Based on an average trading volume of 60,400 shares, the days-to-cover ratio is presently 2.4 days.

Institutional Investors Weigh In On Putnam Master Intermediate Income Trust

Institutional investors and hedge funds have recently made changes to their positions in the company. Chicago Partners Investment Group LLC bought a new stake in Putnam Master Intermediate Income Trust in the fourth quarter valued at $33,000. Stifel Financial Corp lifted its position in Putnam Master Intermediate Income Trust by 317.7% in 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. Fortitude Advisory Group L.L.C. boosted its stake in Putnam Master Intermediate Income Trust by 9.2% during the 4th quarter. Fortitude Advisory Group L.L.C. now owns 52,819 shares of the company's stock valued at $172,000 after purchasing an additional 4,464 shares during the period. Mezzasalma Advisors LLC bought a new position in Putnam Master Intermediate Income Trust in the 4th quarter worth about $193,000. Finally, Melfa Wealth Management Inc. increased 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 valued at $266,000 after purchasing an additional 7,500 shares during the period. 55.06% of the stock is owned by institutional investors and hedge funds.

Putnam Master Intermediate Income Trust Trading Up 0.1 %

NYSE PIM traded up $0.00 during trading hours on Wednesday, reaching $3.33. 40,549 shares of the company traded hands, compared to its average volume of 44,858. Putnam Master Intermediate Income Trust has a 12 month low of $3.04 and a 12 month high of $3.45. The company has a 50 day moving average of $3.28 and a two-hundred day moving average of $3.31.

Putnam Master Intermediate Income Trust Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 24th were issued a $0.022 dividend. The ex-dividend date was Friday, January 24th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 7.92%.

Putnam Master Intermediate Income Trust Company Profile

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.