Putnam Mast Int (NYSE:PIM) Short Interest Update

Putnam Mast Int (NYSE:PIM) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 137,790 shares, a growth of 304.6% from the May 31st total of 34,052 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 90,736 shares, the days-to-cover ratio is currently 1.5 days.

Putnam Mast Int Stock Up 0.2%

Shares of Putnam Mast Int stock traded up $0.01 on Friday, reaching $3.17. The stock had a trading volume of 46,635 shares, compared to its average volume of 68,218. The company has a 50 day moving average price of $3.19 and a 200 day moving average price of $3.25. Putnam Mast Int has a 1 year low of $3.07 and a 1 year high of $3.50.

Putnam Mast Int Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be issued a $0.022 dividend. This represents a c) annualized dividend and a yield of 8.3%. The ex-dividend date of this dividend is Monday, August 24th.

Hedge Funds Weigh In On Putnam Mast Int

Large investors have recently made changes to their positions in the business. PVG Asset Management Corp boosted its position in shares of Putnam Mast Int by 155.2% in the 1st quarter. PVG Asset Management Corp now owns 1,231,891 shares of the company’s stock worth $3,967,000 after purchasing an additional 749,132 shares in the last quarter. Summit Financial LLC increased its position in Putnam Mast Int by 206.4% during the 4th quarter. Summit Financial LLC now owns 592,051 shares of the company’s stock valued at $1,977,000 after buying an additional 398,831 shares in the last quarter. Consolidated Portfolio Review Corp increased its position in Putnam Mast Int by 1.1% during the 3rd quarter. Consolidated Portfolio Review Corp now owns 367,187 shares of the company’s stock valued at $1,263,000 after buying an additional 3,990 shares in the last quarter. WealthTrust Axiom LLC raised its stake in Putnam Mast Int by 11.3% in the fourth quarter. WealthTrust Axiom LLC now owns 108,000 shares of the company’s stock valued at $361,000 after buying an additional 11,000 shares during the last quarter. Finally, Eclectic Associates Inc. ADV purchased a new stake in Putnam Mast Int in the fourth quarter valued at about $179,000. 55.06% of the stock is owned by institutional investors and hedge funds.

Putnam Mast Int Company Profile

Putnam Master International (NYSE:PIM) is a closed-end management investment company that seeks long-term capital appreciation by investing primarily in equity securities of non-U.S. companies. The fund maintains a diversified portfolio spanning developed and emerging markets, with a focus on identifying businesses offering strong growth potential, attractive valuations and sound corporate governance. Shares of PIM trade on the NYSE, providing investors with a fixed capital structure and the opportunity to gain exposure to global equity markets through a single vehicle.

The fund’s investment team, managed by Putnam Retail Management LP, conducts bottom-up fundamental analysis to select holdings across multiple industries and geographies.