Putnam Premier Income Trust (NYSE:PPT) Short Interest Update

Putnam Premier Income Trust (NYSE:PPT – Get Free Report) was the recipient of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 53,531 shares, a decrease of 71.1% from the August 31st total of 185,500 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 92,976 shares, the short-interest ratio is currently 0.6 days.

Institutional Trading of Putnam Premier Income Trust

Hedge funds have recently bought and sold shares of the company. Pin Oak Investment Advisors Inc. purchased a new stake in shares of Putnam Premier Income Trust during the second quarter valued at approximately $567,000. Sit Investment Associates Inc. increased its stake in shares of Putnam Premier Income Trust by 3.6% in the fourth quarter. Sit Investment Associates Inc. now owns 28,292,873 shares of the investment management company’s stock worth $100,157,000 after buying an additional 992,088 shares during the period. IFP Advisors Inc increased its stake in shares of Putnam Premier Income Trust by 17.6% in the second quarter. IFP Advisors Inc now owns 23,506 shares of the investment management company’s stock worth $82,000 after buying an additional 3,526 shares during the period. Baird Financial Group Inc. raised its holdings in Putnam Premier Income Trust by 2.4% during the 2nd quarter. Baird Financial Group Inc. now owns 197,900 shares of the investment management company’s stock valued at $691,000 after buying an additional 4,650 shares during the last quarter. Finally, Readystate Asset Management LP bought a new stake in Putnam Premier Income Trust during the 2nd quarter valued at $93,000. Institutional investors own 42.79% of the company’s stock.

Putnam Premier Income Trust Price Performance

Putnam Premier Income Trust stock traded down $0.01 during midday trading on Monday, hitting $3.25. 229,924 shares of the company’s stock were exchanged, compared to its average volume of 137,616. The stock has a 50-day moving average price of $3.40 and a two-hundred day moving average price of $3.45. Putnam Premier Income Trust has a 52-week low of $3.24 and a 52-week high of $3.74.

Putnam Premier Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be given a dividend of $0.0260 per share. The ex-dividend date is Friday, November 20th. This represents a $0.31 annualized dividend and a yield of 9.6%.

Putnam Premier Income Trust Company Profile

(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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