Putnam Master Intermediate Income Trust (NYSE:PIM) Short Interest Up 57.3% in April

Putnam Master Intermediate Income Trust (NYSE:PIM) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 143,000 shares, a growth of 57.3% from the March 31st total of 90,900 shares. Based on an average daily volume of 55,400 shares, the days-to-cover ratio is currently 2.6 days.

Putnam Master Intermediate Income Trust Price Performance

Shares of PIM stock traded up $0.02 during mid-day trading on Friday, hitting $3.10. The company had a trading volume of 61,163 shares, compared to its average volume of 45,022. The stock’s 50 day moving average price is $3.16 and its 200-day moving average price is $3.14. Putnam Master Intermediate Income Trust has a 52-week low of $2.90 and a 52-week high of $3.28.

Putnam Master Intermediate Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 24th will be given a dividend of $0.022 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $0.26 dividend on an annualized basis and a dividend yield of 8.52%.

Institutional Investors Weigh In On Putnam Master Intermediate Income Trust

Hedge funds have recently made changes to their positions in the company. WealthShield Partners LLC bought a new stake in Putnam Master Intermediate Income Trust in the 4th quarter worth approximately $32,000. Investors Asset Management of Georgia Inc. GA ADV bought a new stake in Putnam Master Intermediate Income Trust in the fourth quarter worth $34,000. IFG Advisory LLC purchased a new stake in Putnam Master Intermediate Income Trust during the fourth quarter valued at $34,000. Gridiron Partners LLC bought a new position in Putnam Master Intermediate Income Trust during the fourth quarter valued at $34,000. Finally, Landscape Capital Management L.L.C. purchased a new position in shares of Putnam Master Intermediate Income Trust in the 3rd quarter worth $39,000. 55.06% of the stock is currently owned by hedge funds and other institutional investors.

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.