Short Interest in Putnam Premier Income Trust (NYSE:PPT) Expands By 145.3%

Putnam Premier Income Trust (NYSE:PPT – Get Free Report) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 185,500 shares, an increase of 145.3% from the August 15th total of 75,628 shares. Based on an average trading volume of 127,942 shares, the short-interest ratio is currently 1.4 days. Currently, 0.2% of the company’s stock are sold short.

Putnam Premier Income Trust Trading Up 0.2%

NYSE PPT traded up $0.01 during trading on Monday, reaching $3.31. 134,012 shares of the company’s stock traded hands, compared to its average volume of 138,416. Putnam Premier Income Trust has a 12-month low of $3.28 and a 12-month high of $3.77. The company’s 50 day simple moving average is $3.43 and its two-hundred day simple moving average is $3.47.

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Putnam Premier Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 20th will be paid a dividend of $0.026 per share. The ex-dividend date is Friday, November 20th. This represents a c) dividend on an annualized basis and a dividend yield of 9.4%.

Hedge Funds Weigh In On Putnam Premier Income Trust

A number of large investors have recently bought and sold shares of PPT. Pin Oak Investment Advisors Inc. purchased a new stake in Putnam Premier Income Trust during the second quarter worth $567,000. Sit Investment Associates Inc. raised its position in shares of Putnam Premier Income Trust by 3.6% in the 4th quarter. Sit Investment Associates Inc. now owns 28,292,873 shares of the investment management company’s stock worth $100,157,000 after acquiring an additional 992,088 shares in the last quarter. Readystate Asset Management LP purchased a new stake in shares of Putnam Premier Income Trust during the 2nd quarter worth $93,000. Closed End Fund Advisors Inc. bought a new stake in Putnam Premier Income Trust during the fourth quarter valued at about $97,000. Finally, Integrity Advisory Solutions LLC boosted its position in Putnam Premier Income Trust by 38.8% during the fourth quarter. Integrity Advisory Solutions LLC now owns 16,659 shares of the investment management company’s stock valued at $59,000 after purchasing an additional 4,656 shares in the last quarter. Institutional investors own 42.79% of the company’s stock.

About Putnam Premier Income Trust

(Get Free Report)

Putnam Premier Income Trust (NYSE: PPT) is a closed-end management investment company that seeks to provide a high level of current income while also pursuing opportunities for capital appreciation. The fund is managed by Putnam Investment Management, LLC, part of Putnam Investments.

The trust invests primarily in a diversified portfolio of income-producing fixed-income securities. Its holdings may include corporate bonds, high-yield securities, bank loans and other debt instruments issued by companies and governments.

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