Putnam Master Intermediate Income Trust (NYSE:PIM) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 68,800 shares, an increase of 581.2% from the September 15th total of 10,100 shares. Based on an average daily trading volume, of 103,200 shares, the short-interest ratio is presently 0.7 days.
Shares of Putnam Master Intermediate Income Trust stock remained flat at $$4.08 during midday trading on Thursday. The stock had a trading volume of 46,215 shares, compared to its average volume of 121,968. The company’s fifty day simple moving average is $4.08 and its 200-day simple moving average is $4.17. Putnam Master Intermediate Income Trust has a 1-year low of $3.99 and a 1-year high of $4.47.
The firm also recently announced a monthly dividend, which will be paid on Monday, November 1st. Stockholders of record on Friday, October 22nd will be given a $0.022 dividend. The ex-dividend date of this dividend is Thursday, October 21st. This represents a $0.26 annualized dividend and a dividend yield of 6.47%.
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.
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