Putnam Mast Int (NYSE:PIM) Sees Significant Growth in Short Interest

Putnam Mast Int (NYSE:PIM – Get Free Report) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 137,790 shares, a growth of 304.6% from the May 31st total of 34,052 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 90,736 shares, the days-to-cover ratio is presently 1.5 days.

Putnam Mast Int Trading Up 0.2%

Shares of PIM stock traded up $0.01 on Friday, hitting $3.17. The company had a trading volume of 46,635 shares, compared to its average volume of 66,781. The stock’s 50-day moving average is $3.19 and its two-hundred day moving average is $3.25. Putnam Mast Int has a twelve month low of $3.07 and a twelve month high of $3.50.

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Putnam Mast Int Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be issued a $0.022 dividend. The ex-dividend date is Monday, August 24th. This represents a c) annualized dividend and a yield of 8.3%.

Institutional Trading of Putnam Mast Int

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of Putnam Mast Int in the 2nd quarter worth approximately $25,000. Landscape Capital Management L.L.C. bought a new position in Putnam Mast Int during the fourth quarter worth $45,000. Northstar Financial Companies Inc. bought a new position in Putnam Mast Int during the first quarter worth $49,000. M3 Wealth Management LLC acquired a new position in Putnam Mast Int in the fourth quarter valued at $68,000. Finally, Integrity Advisory Solutions LLC bought a new stake in Putnam Mast Int during the fourth quarter valued at $73,000. Institutional investors and hedge funds own 55.06% of the company’s stock.

About Putnam Mast Int

(Get Free Report)

Putnam Master International (NYSE:PIM) is a closed-end management investment company that seeks long-term capital appreciation by investing primarily in equity securities of non-U.S. companies. The fund maintains a diversified portfolio spanning developed and emerging markets, with a focus on identifying businesses offering strong growth potential, attractive valuations and sound corporate governance. Shares of PIM trade on the NYSE, providing investors with a fixed capital structure and the opportunity to gain exposure to global equity markets through a single vehicle.

The fund’s investment team, managed by Putnam Retail Management LP, conducts bottom-up fundamental analysis to select holdings across multiple industries and geographies.

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