Short Interest in Putnam Master Intermediate Income Trust (NYSE:PIM) Increases By 71.4%

Putnam Master Intermediate Income Trust (NYSE:PIM) saw a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 110,700 shares, a growth of 71.4% from the February 28th total of 64,600 shares. Based on an average daily volume of 46,000 shares, the days-to-cover ratio is currently 2.4 days. Approximately 0.2% of the shares of the company are sold short.

Putnam Master Intermediate Income Trust Stock Performance

NYSE PIM traded up $0.03 on Friday, reaching $3.31. The stock had a trading volume of 24,631 shares, compared to its average volume of 59,696. The firm has a fifty day moving average of $3.31 and a two-hundred day moving average of $3.31. Putnam Master Intermediate Income Trust has a 1-year low of $3.04 and a 1-year high of $3.45.

Putnam Master Intermediate Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.022 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.26 dividend on an annualized basis and a yield of 7.99%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sit Investment Associates Inc. increased its stake in shares of Putnam Master Intermediate Income Trust by 1.0% in the 4th quarter. Sit Investment Associates Inc. now owns 22,984,308 shares of the company’s stock valued at $74,929,000 after acquiring an additional 223,036 shares in the last quarter. 1607 Capital Partners LLC grew its stake in shares of Putnam Master Intermediate Income Trust by 83.9% during the 4th quarter. 1607 Capital Partners LLC now owns 1,065,778 shares of the company’s stock worth $3,474,000 after acquiring an additional 486,262 shares during the period. Consolidated Portfolio Review Corp boosted its position in shares of Putnam Master Intermediate Income Trust by 9.8% in the fourth quarter. Consolidated Portfolio Review Corp now owns 292,786 shares of the company’s stock valued at $954,000 after acquiring an additional 26,024 shares during the period. Essential Planning LLC. bought a new position in shares of Putnam Master Intermediate Income Trust in the 4th quarter worth $676,000. Finally, Transform Wealth LLC bought a new position in Putnam Master Intermediate Income Trust during the fourth quarter valued at approximately $555,000. 55.06% of the stock is owned by institutional investors and hedge funds.

Putnam Master Intermediate Income Trust Company Profile

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.