Putnam Master Intermediate Income Trust (NYSE:PIM) Short Interest Update

Putnam Master Intermediate Income Trust (NYSE:PIM) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 110,700 shares, an increase of 71.4% from the February 28th total of 64,600 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 46,000 shares, the days-to-cover ratio is currently 2.4 days.

Putnam Master Intermediate Income Trust Stock Performance

Shares of NYSE:PIM opened at $3.31 on Monday. Putnam Master Intermediate Income Trust has a 52-week low of $3.04 and a 52-week high of $3.45. The stock’s fifty day simple moving average is $3.31 and its 200-day simple moving average is $3.31.

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 of this dividend is Monday, March 17th. This represents a $0.26 dividend on an annualized basis and a yield of 7.99%.

Institutional Investors Weigh In On Putnam Master Intermediate Income Trust

Several hedge funds have recently modified their holdings of PIM. Chicago Partners Investment Group LLC purchased a new position in Putnam Master Intermediate Income Trust during the fourth quarter worth approximately $33,000. Jane Street Group LLC acquired a new position in Putnam Master Intermediate Income Trust in the fourth quarter valued at $35,000. Citadel Advisors LLC acquired a new stake in Putnam Master Intermediate Income Trust during the fourth quarter worth about $36,000. Northstar Financial Companies Inc. purchased a new position in shares of Putnam Master Intermediate Income Trust in the 4th quarter worth about $66,000. Finally, Stifel Financial Corp lifted its stake in shares of Putnam Master Intermediate Income Trust by 317.7% in the 3rd quarter. Stifel Financial Corp now owns 43,122 shares of the company’s stock valued at $146,000 after purchasing an additional 32,798 shares in the last quarter. 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.