Short Interest in Putnam Master Intermediate Income Trust (NYSE:PIM) Drops By 22.2%

Putnam Master Intermediate Income Trust (NYSE:PIM) saw a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 64,600 shares, a decline of 22.2% from the February 13th total of 83,000 shares. Based on an average daily volume of 50,600 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.1% of the company’s shares are sold short.

Putnam Master Intermediate Income Trust Stock Performance

NYSE:PIM traded up $0.01 on Wednesday, hitting $3.29. The stock had a trading volume of 2,277 shares, compared to its average volume of 59,824. The company has a fifty day moving average price of $3.30 and a two-hundred day moving average price 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 company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.022 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.26 annualized dividend and a yield of 8.03%.

Institutional Investors Weigh In On Putnam Master Intermediate Income Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Northstar Financial Companies Inc. purchased a new stake in Putnam Master Intermediate Income Trust during the 4th quarter worth approximately $66,000. PVG Asset Management Corp acquired a new stake in shares of Putnam Master Intermediate Income Trust in the 4th quarter valued at $150,000. Citadel Advisors LLC purchased a new stake in shares of Putnam Master Intermediate Income Trust during the 4th quarter worth $36,000. Jane Street Group LLC acquired a new position in shares of Putnam Master Intermediate Income Trust during the fourth quarter worth $35,000. Finally, 1607 Capital Partners LLC grew its stake in shares of Putnam Master Intermediate Income Trust by 83.9% during the fourth quarter. 1607 Capital Partners LLC now owns 1,065,778 shares of the company’s stock worth $3,474,000 after purchasing an additional 486,262 shares in the last quarter. 55.06% of the stock is owned by hedge funds and other institutional investors.

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.