Putnam Master Intermediate Income Trust (NYSE:PIM) Sees Large Increase 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 16,900 shares, a growth of 550.0% from the February 29th total of 2,600 shares. Based on an average trading volume of 58,300 shares, the short-interest ratio is currently 0.3 days.

Putnam Master Intermediate Income Trust Price Performance

Shares of NYSE PIM remained flat at $3.20 during midday trading on Thursday. 49,297 shares of the company traded hands, compared to its average volume of 55,656. Putnam Master Intermediate Income Trust has a 12-month low of $2.90 and a 12-month high of $3.28. The firm has a fifty day simple moving average of $3.20 and a 200-day simple moving average of $3.12.

Putnam Master Intermediate Income Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 24th will be issued a dividend of $0.022 per share. The ex-dividend date is Tuesday, April 23rd. This represents a $0.26 annualized dividend and a yield of 8.25%.

Hedge Funds Weigh In On Putnam Master Intermediate Income Trust

Several hedge funds have recently added to or reduced their stakes in the business. 1607 Capital Partners LLC increased its holdings in Putnam Master Intermediate Income Trust by 7.6% during the 4th quarter. 1607 Capital Partners LLC now owns 1,307,386 shares of the company’s stock valued at $4,171,000 after acquiring an additional 92,381 shares in the last quarter. Karpus Management Inc. grew its holdings in shares of Putnam Master Intermediate Income Trust by 30.9% during the second quarter. Karpus Management Inc. now owns 858,291 shares of the company’s stock worth $2,712,000 after buying an additional 202,611 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Putnam Master Intermediate Income Trust by 29.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 743,429 shares of the company’s stock worth $2,372,000 after buying an additional 169,864 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Putnam Master Intermediate Income Trust by 22.2% during the first quarter. Invesco Ltd. now owns 639,874 shares of the company’s stock worth $2,291,000 after buying an additional 116,347 shares in the last quarter. Finally, Vident Investment Advisory LLC boosted its position in shares of Putnam Master Intermediate Income Trust by 23.5% in the first quarter. Vident Investment Advisory LLC now owns 425,456 shares of the company’s stock worth $1,523,000 after acquiring an additional 80,820 shares during the last quarter. 55.06% of the stock is currently 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.