Putnam Master Intermediate Income Trust (NYSE:PIM) Sees Large Growth in Short Interest

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

Hedge Funds Weigh In On Putnam Master Intermediate Income Trust

Institutional investors have recently bought and sold shares of the company. 1607 Capital Partners LLC boosted its holdings in shares of Putnam Master Intermediate Income Trust by 83.9% in the fourth quarter. 1607 Capital Partners LLC now owns 1,065,778 shares of the company’s stock valued at $3,474,000 after acquiring an additional 486,262 shares in the last quarter. Sit Investment Associates Inc. lifted its position in Putnam Master Intermediate Income Trust by 1.0% in the fourth quarter. Sit Investment Associates Inc. now owns 22,984,308 shares of the company’s stock valued at $74,929,000 after purchasing an additional 223,036 shares during the period. Essential Planning LLC. purchased a new stake in Putnam Master Intermediate Income Trust in the 4th quarter valued at approximately $676,000. Transform Wealth LLC acquired a new position in Putnam Master Intermediate Income Trust during the 4th quarter worth approximately $555,000. Finally, Envestnet Asset Management Inc. purchased a new position in shares of Putnam Master Intermediate Income Trust during the 4th quarter worth approximately $236,000. 55.06% of the stock is owned by institutional investors and hedge funds.

Putnam Master Intermediate Income Trust Trading Up 0.8 %

Shares of PIM stock traded up $0.03 during midday trading on Friday, hitting $3.31. The company had a trading volume of 24,631 shares, compared to its average volume of 59,696. The company’s 50 day simple moving average is $3.31 and its 200 day simple moving average is $3.31. Putnam Master Intermediate Income Trust has a 52-week low of $3.04 and a 52-week high of $3.45.

Putnam Master Intermediate Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.022 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.26 dividend on an annualized basis and a yield of 7.99%.

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.