Putnam Premier Income Trust (NYSE:PPT) Short Interest Down 51.2% in December

Putnam Premier Income Trust (NYSE:PPT) was the target of a large drop in short interest in December. As of December 31st, there was short interest totalling 43,700 shares, a drop of 51.2% from the December 15th total of 89,500 shares. Based on an average daily trading volume, of 190,900 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Putnam Premier Income Trust

A number of institutional investors and hedge funds have recently modified their holdings of PPT. XTX Topco Ltd purchased a new stake in Putnam Premier Income Trust in the 3rd quarter worth about $54,000. IHT Wealth Management LLC raised its holdings in shares of Putnam Premier Income Trust by 88.4% in the third quarter. IHT Wealth Management LLC now owns 19,566 shares of the investment management company’s stock worth $73,000 after buying an additional 9,183 shares during the period. Gilman Hill Asset Management LLC lifted its stake in shares of Putnam Premier Income Trust by 73.3% during the 3rd quarter. Gilman Hill Asset Management LLC now owns 26,000 shares of the investment management company’s stock worth $97,000 after acquiring an additional 11,000 shares during the last quarter. Dynamic Advisor Solutions LLC purchased a new position in Putnam Premier Income Trust during the 3rd quarter valued at $105,000. Finally, Stifel Financial Corp boosted its holdings in Putnam Premier Income Trust by 12.3% during the 3rd quarter. Stifel Financial Corp now owns 45,431 shares of the investment management company’s stock valued at $169,000 after acquiring an additional 4,978 shares during the period. Hedge funds and other institutional investors own 42.79% of the company’s stock.

Putnam Premier Income Trust Stock Performance

NYSE PPT opened at $3.55 on Tuesday. The stock has a 50 day moving average price of $3.56 and a 200-day moving average price of $3.62. Putnam Premier Income Trust has a one year low of $3.40 and a one year high of $3.74.

Putnam Premier Income Trust Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 24th will be paid a dividend of $0.026 per share. The ex-dividend date is Friday, January 24th. This represents a $0.31 annualized dividend and a yield of 8.79%.

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.