Putnam Premier Income Trust (NYSE:PPT) Short Interest Up 225.0% in October

Putnam Premier Income Trust (NYSE:PPT) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 29,900 shares, a growth of 225.0% from the September 30th total of 9,200 shares. Based on an average trading volume of 125,300 shares, the days-to-cover ratio is presently 0.2 days.

Putnam Premier Income Trust Stock Performance

PPT stock traded up $0.01 during trading hours on Friday, hitting $3.62. The company’s stock had a trading volume of 91,010 shares, compared to its average volume of 145,022. The stock has a 50 day moving average price of $3.69 and a two-hundred day moving average price of $3.59. Putnam Premier Income Trust has a 12 month low of $3.26 and a 12 month high of $3.74.

Putnam Premier Income Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were issued a $0.026 dividend. This represents a $0.31 dividend on an annualized basis and a yield of 8.62%. The ex-dividend date of this dividend was Tuesday, September 24th.

Hedge Funds Weigh In On Putnam Premier Income Trust

Hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC boosted its position in Putnam Premier Income Trust by 273.0% during the third quarter. International Assets Investment Management LLC now owns 197,985 shares of the investment management company’s stock worth $738,000 after purchasing an additional 144,906 shares during the period. Gilman Hill Asset Management LLC grew its stake in Putnam Premier Income Trust by 73.3% in the 3rd quarter. Gilman Hill Asset Management LLC now owns 26,000 shares of the investment management company’s stock valued at $97,000 after buying an additional 11,000 shares during the last quarter. Future Financial Wealth Managment LLC raised its holdings in Putnam Premier Income Trust by 5.8% in the 3rd quarter. Future Financial Wealth Managment LLC now owns 133,630 shares of the investment management company’s stock worth $498,000 after acquiring an additional 7,382 shares during the period. Dynamic Advisor Solutions LLC acquired a new position in Putnam Premier Income Trust during the 3rd quarter worth $105,000. Finally, Creative Planning boosted its holdings in Putnam Premier Income Trust by 8.3% during the second quarter. Creative Planning now owns 83,867 shares of the investment management company’s stock valued at $300,000 after acquiring an additional 6,400 shares during the period. 42.79% of the stock is owned by institutional investors and hedge funds.

About Putnam Premier Income Trust

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.