Putnam Managed (NYSE:PMM) Short Interest Up 82.9% in July

Putnam Managed (NYSE:PMM – Get Free Report) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 113,037 shares, a growth of 82.9% from the June 30th total of 61,814 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 89,198 shares, the days-to-cover ratio is currently 1.3 days.

Putnam Managed Trading Down 0.4%

Shares of PMM stock traded down $0.03 during trading hours on Thursday, hitting $6.28. 93,044 shares of the company were exchanged, compared to its average volume of 100,879. Putnam Managed has a 1 year low of $5.77 and a 1 year high of $6.60. The firm has a fifty day moving average of $6.37 and a 200 day moving average of $6.29.

Get Putnam Managed alerts:

Putnam Managed Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be issued a $0.033 dividend. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Monday, August 24th.

Institutional Investors Weigh In On Putnam Managed

Several hedge funds and other institutional investors have recently modified their holdings of PMM. International Assets Investment Management LLC bought a new position in Putnam Managed during the 4th quarter worth approximately $36,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of Putnam Managed in the fourth quarter worth $45,000. Nomura Holdings Inc. bought a new stake in shares of Putnam Managed during the 2nd quarter worth about $60,000. Mesirow Financial Investment Management Inc. bought a new stake in Putnam Managed during the fourth quarter worth approximately $63,000. Finally, UMB Bank n.a. acquired a new stake in shares of Putnam Managed in the fourth quarter valued at $70,000. Institutional investors own 13.54% of the company’s stock.

Putnam Managed Company Profile

(Get Free Report)

Putnam Managed Municipal Income Trust (NYSE: PMM) is a closed-end management investment company that seeks to provide current income exempt from federal income tax. The trust’s primary business activity is the active management of a diversified portfolio of investment-grade municipal securities, including general obligation and revenue bonds issued by U.S. states and municipalities. Using a flexible approach, PMM’s portfolio managers may also invest in below-investment-grade or unrated municipal securities, subject to quality restrictions, to enhance yield potential.

Established in September 1993, PMM has a long history of targeting tax-exempt income for its shareholders.

Featured Stories

• Five stocks we like better than Putnam Managed
• Microsoft Just Flipped the AI Spending Narrative Overnight
• Qualcomm’s Turnaround Is Working, So Why Is Wall Street Selling?
• Meta’s Earnings Show Why Wall Street Is Losing Patience With AI Spending
• Can Starbucks Keep This Turnaround Going? The Latest Results Say Yes

Receive News & Ratings for Putnam Managed Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Putnam Managed and related companies with MarketBeat.com's FREE daily email newsletter.