Short Interest in Putnam Master Intermediate Income Trust (NYSE:PIM) Increases By 22.9%

Putnam Master Intermediate Income Trust (NYSE:PIM) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totalling 172,100 shares, a growth of 22.9% from the December 15th total of 140,000 shares. Based on an average daily volume of 69,300 shares, the short-interest ratio is currently 2.5 days.

Institutional Trading of Putnam Master Intermediate Income Trust

Large investors have recently modified their holdings of the business. Melfa Wealth Management Inc. lifted its position in Putnam Master Intermediate Income Trust by 10.1% during the fourth quarter. Melfa Wealth Management Inc. now owns 81,613 shares of the company’s stock valued at $266,000 after purchasing an additional 7,500 shares during the last quarter. Consolidated Portfolio Review Corp increased its holdings in shares of Putnam Master Intermediate Income Trust by 5.8% in the 3rd quarter. Consolidated Portfolio Review Corp now owns 266,762 shares of the company’s stock worth $904,000 after buying an additional 14,721 shares during the last quarter. Stifel Financial Corp lifted its holdings in shares of Putnam Master Intermediate Income Trust by 317.7% during the 3rd quarter. Stifel Financial Corp now owns 43,122 shares of the company’s stock worth $146,000 after acquiring an additional 32,798 shares during the last quarter. Finally, Transform Wealth LLC bought a new stake in shares of Putnam Master Intermediate Income Trust during the 4th quarter worth $555,000. Institutional investors own 55.06% of the company’s stock.

Putnam Master Intermediate Income Trust Stock Performance

Shares of Putnam Master Intermediate Income Trust stock remained flat at $3.28 during trading on Friday. 34,988 shares of the stock traded hands, compared to its average volume of 54,054. Putnam Master Intermediate Income Trust has a 52-week low of $3.04 and a 52-week high of $3.45. The company’s 50 day moving average price is $3.27 and its 200-day moving average price is $3.31.

Putnam Master Intermediate Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 24th will be paid a $0.022 dividend. The ex-dividend date is Friday, January 24th. This represents a $0.26 dividend on an annualized basis and a yield of 8.05%.

Putnam Master Intermediate Income Trust Company Profile

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.