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

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

Institutional Investors Weigh In On Putnam Master Intermediate Income Trust

A number of large investors have recently added to or reduced their stakes in the business. Chicago Partners Investment Group LLC bought a new position in shares of Putnam Master Intermediate Income Trust during the fourth quarter worth approximately $33,000. Jane Street Group LLC bought a new position in shares of Putnam Master Intermediate Income Trust during the fourth quarter worth approximately $35,000. Citadel Advisors LLC bought a new position in shares of Putnam Master Intermediate Income Trust during the fourth quarter worth approximately $36,000. Northstar Financial Companies Inc. bought a new position in shares of Putnam Master Intermediate Income Trust during the fourth quarter worth approximately $66,000. Finally, Stifel Financial Corp increased its holdings in shares of Putnam Master Intermediate Income Trust by 317.7% during the third quarter. Stifel Financial Corp now owns 43,122 shares of the company’s stock worth $146,000 after purchasing an additional 32,798 shares during the period. Institutional investors own 55.06% of the company’s stock.

Putnam Master Intermediate Income Trust Trading Down 0.3 %

Shares of NYSE PIM traded down $0.01 during trading hours on Tuesday, hitting $3.29. The company had a trading volume of 16,572 shares, compared to its average volume of 60,054. Putnam Master Intermediate Income Trust has a 1-year low of $3.04 and a 1-year high of $3.45. The firm’s 50 day moving average is $3.30 and its 200-day moving average is $3.31.

Putnam Master Intermediate Income Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.022 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 8.02%. The ex-dividend date is Monday, March 17th.

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.