Putnam Premier Income Trust (NYSE:PPT) Short Interest Down 45.6% in December

Putnam Premier Income Trust (NYSE:PPT) was the recipient of a large decline in short interest in December. As of December 15th, there was short interest totaling 48,611 shares, a decline of 45.6% from the November 30th total of 89,425 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 282,643 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 282,643 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On Putnam Premier Income Trust

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Integrity Advisory Solutions LLC bought a new position in shares of Putnam Premier Income Trust in the third quarter worth about $44,000. First National Trust Co bought a new stake in shares of Putnam Premier Income Trust in the 3rd quarter worth about $48,000. Thrivent Financial for Lutherans bought a new position in Putnam Premier Income Trust in the 3rd quarter valued at $57,000. IFP Advisors Inc increased its position in shares of Putnam Premier Income Trust by 68.6% during the second quarter. IFP Advisors Inc now owns 19,980 shares of the investment management company’s stock worth $73,000 after acquiring an additional 8,130 shares during the period. Finally, Baird Financial Group Inc. bought a new stake in shares of Putnam Premier Income Trust in the first quarter valued at about $80,000. Institutional investors own 42.79% of the company’s stock.

Putnam Premier Income Trust Stock Performance

Shares of PPT traded down $0.01 during mid-day trading on Monday, hitting $3.56. The stock had a trading volume of 423,112 shares, compared to its average volume of 203,691. The business has a fifty day moving average price of $3.59 and a 200-day moving average price of $3.65. Putnam Premier Income Trust has a 52 week low of $3.40 and a 52 week high of $3.77.

Putnam Premier Income Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be issued a $0.026 dividend. The ex-dividend date is Friday, February 20th. This represents a c) annualized dividend and a yield of 8.8%.

About Putnam Premier Income Trust

Putnam Premier Income Trust (NYSE:PPT) is a diversified closed-end management investment company that seeks to provide current income with a secondary objective of capital appreciation. The trust pursues income through a portfolio of domestic and international fixed-income and equity securities, including high-yield corporate bonds, investment-grade debt, preferred securities and dividend-paying stocks. Its investment strategy emphasizes diversification across credit quality, sector and geography to balance income generation with risk management.

The fund employs leverage, including borrowing and preferred shares, to enhance its income potential within regulatory limits.