Putnam Master Intermediate Income Trust (NYSE:PIM) Short Interest Up 68.2% in September

Putnam Master Intermediate Income Trust (NYSE:PIM) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totalling 256,600 shares, a growth of 68.2% from the September 15th total of 152,600 shares. Based on an average trading volume of 70,400 shares, the days-to-cover ratio is presently 3.6 days.

Hedge Funds Weigh In On Putnam Master Intermediate Income Trust

A number of hedge funds have recently added to or reduced their stakes in the company. Consolidated Portfolio Review Corp boosted its holdings in shares of Putnam Master Intermediate Income Trust by 4.9% during the 2nd quarter. Consolidated Portfolio Review Corp now owns 252,041 shares of the company’s stock valued at $813,000 after acquiring an additional 11,882 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Putnam Master Intermediate Income Trust by 14.8% in the first quarter. Janney Montgomery Scott LLC now owns 99,247 shares of the company’s stock worth $318,000 after purchasing an additional 12,823 shares during the last quarter. WMG Financial Advisors LLC bought a new stake in Putnam Master Intermediate Income Trust in the 2nd quarter worth approximately $64,000. FDx Advisors Inc. bought a new stake in Putnam Master Intermediate Income Trust in the 2nd quarter worth approximately $77,000. Finally, Allspring Global Investments Holdings LLC raised its stake in Putnam Master Intermediate Income Trust by 9.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 812,604 shares of the company’s stock valued at $2,621,000 after buying an additional 69,175 shares during the last quarter. 55.06% of the stock is currently owned by hedge funds and other institutional investors.

Putnam Master Intermediate Income Trust Stock Performance

PIM stock traded down $0.01 during trading on Monday, hitting $3.36. 24,378 shares of the stock traded hands, compared to its average volume of 58,776. Putnam Master Intermediate Income Trust has a 1 year low of $2.90 and a 1 year high of $3.45. The firm’s 50 day moving average is $3.36 and its two-hundred day moving average is $3.25.

Putnam Master Intermediate Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 24th will be issued a dividend of $0.022 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 7.86%. The ex-dividend date is Thursday, October 24th.

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.