Putnam Premier Income Trust (NYSE:PPT) Short Interest Update

Putnam Premier Income Trust (NYSE:PPT) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 82,200 shares, an increase of 129.0% from the September 15th total of 35,900 shares. Based on an average daily trading volume, of 217,700 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 217,700 shares, the short-interest ratio is currently 0.4 days.

Putnam Premier Income Trust Price Performance

Shares of PPT stock opened at $3.64 on Wednesday. The stock has a 50 day simple moving average of $3.69 and a 200-day simple moving average of $3.65. Putnam Premier Income Trust has a 12-month low of $3.40 and a 12-month high of $3.77.

Putnam Premier Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be paid a dividend of $0.026 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.6%. The ex-dividend date of this dividend is Friday, October 17th.

Hedge Funds Weigh In On Putnam Premier Income Trust

A number of large investors have recently modified their holdings of the business. Riverbridge Partners LLC raised its holdings in shares of Putnam Premier Income Trust by 1.4% in the third quarter. Riverbridge Partners LLC now owns 236,536 shares of the investment management company’s stock worth $873,000 after acquiring an additional 3,242 shares during the last quarter. Osaic Holdings Inc. boosted its holdings in shares of Putnam Premier Income Trust by 16.6% during the second quarter. Osaic Holdings Inc. now owns 250,042 shares of the investment management company’s stock worth $918,000 after purchasing an additional 35,615 shares during the last quarter. Captrust Financial Advisors acquired a new stake in shares of Putnam Premier Income Trust during the second quarter worth $465,000. Bank of America Corp DE boosted its holdings in shares of Putnam Premier Income Trust by 3.0% during the second quarter. Bank of America Corp DE now owns 194,999 shares of the investment management company’s stock worth $716,000 after purchasing an additional 5,756 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Putnam Premier Income Trust during the second quarter worth $169,000. 42.79% of the stock is owned by hedge funds and other institutional investors.

About Putnam Premier Income Trust

Putnam Premier 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 public fixed income markets across the globe. The fund primarily invests in U.S. high-grade and high-yield bonds with an average credit quality of BBB by S&P Corporation.