Putnam Premier Income Trust (NYSE:PPT) Short Interest Down 79.0% in February

Putnam Premier Income Trust (NYSE:PPT) saw a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 26,400 shares, a decline of 79.0% from the January 31st total of 125,700 shares. Based on an average trading volume of 191,800 shares, the short-interest ratio is presently 0.1 days.

Putnam Premier Income Trust Price Performance

Shares of PPT traded down $0.02 during trading hours on Thursday, reaching $3.59. The stock had a trading volume of 126,564 shares, compared to its average volume of 156,112. The firm has a 50-day moving average of $3.58 and a 200 day moving average of $3.62. Putnam Premier Income Trust has a 52 week low of $3.40 and a 52 week high of $3.74.

Putnam Premier Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 24th will be issued a dividend of $0.026 per share. The ex-dividend date is Monday, February 24th. This represents a $0.31 dividend on an annualized basis and a dividend yield of 8.70%.

Institutional Investors Weigh In On Putnam Premier Income Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of PPT. Stifel Financial Corp grew its stake in shares of Putnam Premier Income Trust by 12.3% during the 3rd quarter. Stifel Financial Corp now owns 45,431 shares of the investment management company’s stock worth $169,000 after acquiring an additional 4,978 shares in the last quarter. Oder Investment Management LLC grew its position in Putnam Premier Income Trust by 7.8% in the fourth quarter. Oder Investment Management LLC now owns 71,644 shares of the investment management company’s stock valued at $255,000 after purchasing an additional 5,188 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in Putnam Premier Income Trust by 5.7% in the fourth quarter. Integrated Wealth Concepts LLC now owns 111,817 shares of the investment management company’s stock valued at $398,000 after purchasing an additional 6,041 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Putnam Premier Income Trust by 109.8% in the fourth quarter. Jones Financial Companies Lllp now owns 13,716 shares of the investment management company’s stock valued at $49,000 after acquiring an additional 7,177 shares during the last quarter. Finally, Valley Brook Capital Group Inc. raised its holdings in Putnam Premier Income Trust by 9.2% during the third quarter. Valley Brook Capital Group Inc. now owns 95,984 shares of the investment management company’s stock worth $358,000 after acquiring an additional 8,109 shares in the last quarter. Institutional investors and hedge funds own 42.79% of the company’s stock.

Putnam Premier Income Trust Company Profile

Putnam Premier 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 public fixed income markets across the globe. The fund primarily invests in U.S. high-grade and high-yield bonds with an average credit quality of BBB by S&P Corporation.