Short Interest in Putnam Master Intermediate Income Trust (NYSE:PIM) Declines By 12.1%

Putnam Master Intermediate Income Trust (NYSE:PIM) saw a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 83,000 shares, a drop of 12.1% from the January 31st total of 94,400 shares. Based on an average daily volume of 54,500 shares, the short-interest ratio is presently 1.5 days.

Putnam Master Intermediate Income Trust Stock Down 0.5 %

Shares of PIM opened at $3.30 on Friday. The business’s 50-day moving average is $3.29 and its two-hundred day moving average is $3.31. Putnam Master Intermediate Income Trust has a fifty-two week low of $3.04 and a fifty-two week high of $3.45.

Putnam Master Intermediate Income Trust Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 24th were given a dividend of $0.022 per share. This represents a $0.26 annualized dividend and a yield of 8.01%. The ex-dividend date of this dividend was Monday, February 24th.

Institutional Investors Weigh In On Putnam Master Intermediate Income Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. LPL Financial LLC grew its position in 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 purchasing an additional 3,948 shares during the period. Fortitude Advisory Group L.L.C. grew its position 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 period. Melfa Wealth Management Inc. grew its position in shares of Putnam Master Intermediate Income Trust by 10.1% during the 4th quarter. Melfa Wealth Management Inc. now owns 81,613 shares of the company’s stock valued at $266,000 after acquiring an additional 7,500 shares during the period. Chicago Partners Investment Group LLC acquired a new stake in shares of Putnam Master Intermediate Income Trust during the 4th quarter valued at about $33,000. Finally, Jane Street Group LLC acquired a new stake in shares of Putnam Master Intermediate Income Trust during the 4th quarter valued at about $35,000. 55.06% of the stock is owned by institutional investors and hedge funds.

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.