Putnam Master Intermediate Income Trust (NYSE:PIM) Short Interest Down 36.0% in January

Putnam Master Intermediate Income Trust (NYSE:PIM) saw a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 94,400 shares, a decrease of 36.0% from the January 15th total of 147,600 shares. Based on an average daily trading volume, of 57,700 shares, the days-to-cover ratio is presently 1.6 days.

Putnam Master Intermediate Income Trust Stock Performance

Shares of Putnam Master Intermediate Income Trust stock traded up $0.01 on Friday, hitting $3.33. The stock had a trading volume of 6,505 shares, compared to its average volume of 46,479. The stock has a 50 day moving average of $3.29 and a 200 day moving average of $3.31. Putnam Master Intermediate Income Trust has a twelve month low of $3.04 and a twelve month high of $3.45.

Putnam Master Intermediate Income Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 24th will be given a dividend of $0.022 per share. This represents a $0.26 dividend on an annualized basis and a yield of 7.94%. The ex-dividend date is Monday, February 24th.

Institutional Trading of Putnam Master Intermediate Income Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Chicago Partners Investment Group LLC acquired a new stake in shares of Putnam Master Intermediate Income Trust during the 4th quarter worth approximately $33,000. Jane Street Group LLC bought a new position in shares of Putnam Master Intermediate Income Trust in the 4th quarter worth $35,000. Stifel Financial Corp lifted its stake in Putnam Master Intermediate Income Trust by 317.7% during the 3rd quarter. Stifel Financial Corp now owns 43,122 shares of the company’s stock valued at $146,000 after acquiring an additional 32,798 shares in the last quarter. LPL Financial LLC lifted its stake in Putnam Master Intermediate Income Trust by 8.4% during the 4th quarter. LPL Financial LLC now owns 50,777 shares of the company’s stock valued at $166,000 after acquiring an additional 3,948 shares in the last quarter. Finally, Fortitude Advisory Group L.L.C. lifted its stake in Putnam Master Intermediate Income Trust by 9.2% during the 4th quarter. Fortitude Advisory Group L.L.C. now owns 52,819 shares of the company’s stock valued at $172,000 after acquiring an additional 4,464 shares in the last quarter. Institutional investors and hedge funds own 55.06% of the company’s stock.

About Putnam Master Intermediate Income Trust

Putnam Master Intermediate Income Trust is a closed ended fixed income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in the fixed income markets of the United States. The fund invests in bonds of companies operating across diversified sectors.