Putnam Mast Int (NYSE:PIM) Shares Shorted: Short Interest Down 47.3% in October

Putnam Mast Int (NYSE:PIM) was the target of a large decline in short interest in October. As of October 15th, there was short interest totaling 48,436 shares, a decline of 47.3% from the September 30th total of 91,899 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 114,473 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On Putnam Mast Int

Several large investors have recently made changes to their positions in the company. PVG Asset Management Corp lifted its holdings in Putnam Mast Int by 155.2% during the 1st quarter. PVG Asset Management Corp now owns 1,231,891 shares of the company’s stock valued at $3,967,000 after purchasing an additional 749,132 shares during the last quarter. Penbrook Management LLC grew its stake in Putnam Mast Int by 3.4% during the third quarter. Penbrook Management LLC now owns 152,063 shares of the company’s stock worth $459,000 after buying an additional 5,000 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in Putnam Mast Int during the second quarter worth about $240,000. Baird Financial Group Inc. increased its holdings in shares of Putnam Mast Int by 6.4% during the second quarter. Baird Financial Group Inc. now owns 66,500 shares of the company’s stock worth $215,000 after buying an additional 4,000 shares in the last quarter. Finally, Fortitude Advisory Group L.L.C. increased its holdings in shares of Putnam Mast Int by 17.6% during the second quarter. Fortitude Advisory Group L.L.C. now owns 62,135 shares of the company’s stock worth $201,000 after buying an additional 9,316 shares in the last quarter. Institutional investors own 55.06% of the company’s stock.

Putnam Mast Int Stock Performance

NYSE:PIM traded up $0.01 during trading hours on Monday, reaching $3.06. The company had a trading volume of 69,503 shares, compared to its average volume of 105,631. The stock has a 50-day moving average of $3.05 and a two-hundred day moving average of $3.18. Putnam Mast Int has a one year low of $2.95 and a one year high of $3.42.

Putnam Mast Int Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 20th will be paid a $0.0220 dividend. This represents a $0.26 annualized dividend and a dividend yield of 8.6%. The ex-dividend date is Friday, November 20th.

Putnam Mast Int Company Profile

Putnam Managed Municipal Income Trust (NYSE: PIM) is a closed-end management investment company that seeks to provide high current income that is exempt from federal income tax.

The fund invests primarily in municipal securities issued by states, municipalities and other governmental entities. Its portfolio may include bonds that finance public infrastructure and services, with investment decisions made according to the fund’s objectives, policies and risk considerations.

Putnam Investment Management, LLC serves as the fund’s investment adviser.