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

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

Putnam Master Intermediate Income Trust Trading Up 0.2 %

Shares of Putnam Master Intermediate Income Trust stock opened at $3.33 on Friday. The stock has a 50-day simple moving average of $3.29 and a 200-day simple moving average of $3.31. Putnam Master Intermediate Income Trust has a 52-week low of $3.04 and a 52-week high of $3.45.

Putnam Master Intermediate Income Trust Announces Dividend

The firm 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 $0.022 dividend. This represents a $0.26 annualized dividend and a yield of 7.94%. The ex-dividend date of this dividend is Monday, February 24th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Chicago Partners Investment Group LLC bought a new stake in Putnam Master Intermediate Income Trust in the fourth quarter worth $33,000. Jane Street Group LLC bought a new position in Putnam Master Intermediate Income Trust during the fourth quarter valued at about $35,000. Stifel Financial Corp lifted its position in shares of Putnam Master Intermediate Income Trust by 317.7% in the third quarter. Stifel Financial Corp now owns 43,122 shares of the company’s stock worth $146,000 after buying an additional 32,798 shares during the last quarter. LPL Financial LLC boosted its stake in shares of 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 worth $166,000 after acquiring an additional 3,948 shares in the last quarter. Finally, Fortitude Advisory Group L.L.C. increased its holdings in shares of 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 during 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.