Putnam Master Intermediate Income Trust (NYSE:PIM) Short Interest Up 71.4% in March

Putnam Master Intermediate Income Trust (NYSE:PIM) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 110,700 shares, an increase 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. Approximately 0.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Chicago Partners Investment Group LLC acquired a new stake in Putnam Master Intermediate Income Trust during the 4th quarter worth $33,000. Jane Street Group LLC purchased a new position in shares of Putnam Master Intermediate Income Trust during the fourth quarter worth about $35,000. Citadel Advisors LLC acquired a new stake in shares of Putnam Master Intermediate Income Trust during the fourth quarter worth about $36,000. Northstar Financial Companies Inc. purchased a new stake in shares of Putnam Master Intermediate Income Trust in the 4th quarter valued at about $66,000. Finally, Stifel Financial Corp boosted its position in shares of Putnam Master Intermediate Income Trust by 317.7% in the 3rd quarter. Stifel Financial Corp now owns 43,122 shares of the company’s stock valued at $146,000 after purchasing an additional 32,798 shares during the period. Institutional investors and hedge funds own 55.06% of the company’s stock.

Putnam Master Intermediate Income Trust Price Performance

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

Putnam Master Intermediate Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.022 per share. The ex-dividend date of this dividend 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.