Putnam Managed (NYSE:PMM) Short Interest Update

Putnam Managed (NYSE:PMM) was the recipient of a large decrease in short interest in August. As of August 14th, there was short interest totaling 68,195 shares, a decrease of 38.7% from the July 30th total of 111,257 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 106,833 shares, the short-interest ratio is presently 0.6 days.

Institutional Investors Weigh In On Putnam Managed

A number of institutional investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new position in Putnam Managed during the 4th quarter valued at $36,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of Putnam Managed in the 4th quarter worth $45,000. Nomura Holdings Inc. bought a new stake in shares of Putnam Managed in the 2nd quarter worth $60,000. Mesirow Financial Investment Management Inc. acquired a new stake in shares of Putnam Managed in the fourth quarter valued at $63,000. Finally, Virtu Financial LLC acquired a new stake in shares of Putnam Managed in the third quarter valued at $69,000. 13.54% of the stock is currently owned by institutional investors and hedge funds.

Putnam Managed Stock Down 0.5%

Putnam Managed stock traded down $0.03 during trading hours on Tuesday, hitting $6.19. 52,734 shares of the company traded hands, compared to its average volume of 99,511. Putnam Managed has a 1-year low of $5.80 and a 1-year high of $6.60. The firm’s 50-day simple moving average is $6.38 and its two-hundred day simple moving average is $6.30.

Putnam Managed Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be paid a dividend of $0.033 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date is Friday, November 20th.

Putnam Managed Company Profile

Putnam Managed Municipal Income Trust (NYSE: PMM) is a closed-end management investment company that seeks to provide current income exempt from federal income tax. The trust’s primary business activity is the active management of a diversified portfolio of investment-grade municipal securities, including general obligation and revenue bonds issued by U.S. states and municipalities. Using a flexible approach, PMM’s portfolio managers may also invest in below-investment-grade or unrated municipal securities, subject to quality restrictions, to enhance yield potential.

Established in September 1993, PMM has a long history of targeting tax-exempt income for its shareholders.