Short Interest in Putnam Master Intermediate Income Trust (NYSE:PIM) Drops By 14.2%

Putnam Master Intermediate Income Trust (NYSE:PIM) was the recipient of a large decrease in short interest in January. As of January 15th, there was short interest totalling 147,600 shares, a decrease of 14.2% from the December 31st total of 172,100 shares. Based on an average daily volume of 60,400 shares, the short-interest ratio is currently 2.4 days.

Putnam Master Intermediate Income Trust Stock Performance

Putnam Master Intermediate Income Trust stock traded up $0.03 during mid-day trading on Friday, hitting $3.32. The company’s stock had a trading volume of 65,417 shares, compared to its average volume of 33,400. Putnam Master Intermediate Income Trust has a one year low of $3.04 and a one year high of $3.45. The company has a 50 day moving average of $3.28 and a 200-day moving average of $3.31.

Putnam Master Intermediate Income Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 24th will be issued a $0.022 dividend. The ex-dividend date is Friday, January 24th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 7.95%.

Institutional Investors Weigh In On Putnam Master Intermediate Income Trust

Several hedge funds have recently made changes to their positions in the company. Chicago Partners Investment Group LLC purchased a new position in Putnam Master Intermediate Income Trust during the 4th quarter worth $33,000. Stifel Financial Corp grew its stake in shares of Putnam Master Intermediate Income Trust by 317.7% during the 3rd 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. Fortitude Advisory Group L.L.C. boosted its stake in shares of Putnam Master Intermediate Income Trust by 9.2% during the 4th quarter. Fortitude Advisory Group L.L.C. now owns 52,819 shares of the company’s stock worth $172,000 after acquiring an additional 4,464 shares in the last quarter. Mezzasalma Advisors LLC purchased a new position in Putnam Master Intermediate Income Trust during the fourth quarter worth approximately $193,000. Finally, Melfa Wealth Management Inc. increased its position in shares of Putnam Master Intermediate Income Trust by 10.1% in the fourth quarter. Melfa Wealth Management Inc. now owns 81,613 shares of the company’s stock valued at $266,000 after buying an additional 7,500 shares in the last quarter. 55.06% of the stock is currently owned by hedge funds and other institutional investors.

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.