Putnam Mast Int (NYSE:PIM) Stock Short Interest Report for September

Putnam Mast Int (NYSE:PIM – Get Free Report) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 91,899 shares, a growth of 1,451.8% from the September 15th total of 5,922 shares. Based on an average daily volume of 77,637 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.2% of the shares of the stock are sold short.

Putnam Mast Int Stock Performance

Shares of PIM traded up $0.02 during mid-day trading on Friday, reaching $3.01. The stock had a trading volume of 52,563 shares, compared to its average volume of 86,576. The business has a fifty day moving average of $3.10 and a 200 day moving average of $3.16. Putnam Mast Int has a 12 month low of $2.95 and a 12 month high of $3.43.

Putnam Mast Int Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be paid a $0.0220 dividend. The ex-dividend date is Friday, November 20th. This represents a $0.26 annualized dividend and a yield of 8.8%.

Institutional Investors Weigh In On Putnam Mast Int

Large investors have recently made changes to their positions in the company. PVG Asset Management Corp boosted its stake in Putnam Mast Int by 155.2% during the first quarter. PVG Asset Management Corp now owns 1,231,891 shares of the company’s stock valued at $3,967,000 after buying an additional 749,132 shares during the last quarter. Fifth Third Bancorp bought a new stake in Putnam Mast Int in the 1st quarter worth approximately $120,000. Ameritas Advisory Services LLC bought a new stake in Putnam Mast Int in the 2nd quarter worth approximately $240,000. Kraematon Investment Advisors Inc. purchased a new stake in shares of Putnam Mast Int during the 2nd quarter worth approximately $155,000. Finally, Northstar Financial Companies Inc. purchased a new stake in shares of Putnam Mast Int during the 1st quarter worth approximately $49,000. 55.06% of the stock is owned by institutional investors.

About Putnam Mast Int

(Get Free Report)

Putnam Master Intermediate Income Trust (NYSE: PIM) is a closed-end investment company managed by Putnam Investment Management, LLC. The trust seeks to provide a high level of current income while emphasizing the preservation of capital.

The fund invests primarily in a diversified portfolio of intermediate-term fixed-income securities. Its holdings may include corporate bonds, U.S. government and agency securities, mortgage-backed and asset-backed securities, municipal obligations, and debt issued by foreign governments and companies.

Further Reading

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