PUTNAM MANAGED (NYSE:PMM) Short Interest Down 39.5% in September

PUTNAM MANAGED (NYSE:PMM) was the recipient of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 40,900 shares, a decrease of 39.5% from the September 15th total of 67,600 shares. Based on an average trading volume of 97,400 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 97,400 shares, the short-interest ratio is presently 0.4 days.

PUTNAM MANAGED Price Performance

PUTNAM MANAGED stock opened at $6.09 on Tuesday. The firm has a 50 day moving average price of $6.01 and a 200-day moving average price of $5.94. PUTNAM MANAGED has a twelve month low of $5.66 and a twelve month high of $6.52.

PUTNAM MANAGED Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be issued a $0.0265 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend is Friday, October 17th.

Institutional Trading of PUTNAM MANAGED

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Duncker Streett & Co. Inc. bought a new stake in shares of PUTNAM MANAGED during the 2nd quarter valued at $42,000. Smallwood Wealth Investment Management LLC purchased a new position in PUTNAM MANAGED in the 1st quarter worth $55,000. Nomura Holdings Inc. purchased a new position in shares of PUTNAM MANAGED in the second quarter valued at about $60,000. Wealthcare Advisory Partners LLC purchased a new position in shares of PUTNAM MANAGED in the second quarter valued at about $72,000. Finally, Meridian Wealth Management LLC purchased a new stake in PUTNAM MANAGED in the second quarter worth about $85,000. 13.54% of the stock is currently owned by institutional investors.

About PUTNAM MANAGED

Putnam Managed Municipal Income Trust is a close-ended fixed income mutual fund launched and managed by Putnam Investment Management LLC. It is co-managed by Putnam Investments Limited. The fund invests in the fixed income markets of the United States. It primarily invests in a diversified portfolio of tax-exempt municipal securities, including high-yield securities that are rated below investment grade.