Putnam Premier Income Trust (NYSE:PPT – Get Free Report) saw 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 daily volume of 125,300 shares, the short-interest ratio is currently 0.2 days.
Putnam Premier Income Trust Price Performance
Shares of PPT stock traded up $0.01 during trading hours on Friday, hitting $3.62. 91,010 shares of the company’s stock were exchanged, compared to its average volume of 145,022. The stock’s 50-day moving average is $3.69 and its 200-day moving average is $3.59. Putnam Premier Income Trust has a 52 week low of $3.26 and a 52 week high of $3.74.
Putnam Premier Income Trust Announces Dividend
The company also recently declared 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 annualized dividend 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
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.
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