Putnam Master Intermediate Income Trust (NYSE:PIM) Short Interest Update

Putnam Master Intermediate Income Trust (NYSE:PIM) was the target of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 83,000 shares, a decrease of 12.1% from the January 31st total of 94,400 shares. Based on an average trading volume of 54,500 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of PIM. Stifel Financial Corp raised its stake in 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 in the last quarter. Transform Wealth LLC acquired a new stake in shares of Putnam Master Intermediate Income Trust during the fourth quarter worth about $555,000. Melfa Wealth Management Inc. increased its position in shares of 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 worth $266,000 after purchasing an additional 7,500 shares in the last quarter. Fortitude Advisory Group L.L.C. lifted its holdings in shares of Putnam Master Intermediate Income Trust by 9.2% in the 4th quarter. Fortitude Advisory Group L.L.C. now owns 52,819 shares of the company’s stock valued at $172,000 after purchasing an additional 4,464 shares during the last quarter. Finally, Chicago Partners Investment Group LLC acquired a new stake in shares of Putnam Master Intermediate Income Trust in the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 55.06% of the company’s stock.

Putnam Master Intermediate Income Trust Price Performance

Shares of NYSE PIM opened at $3.30 on Friday. The stock’s 50-day simple moving average is $3.30 and its 200-day simple moving average is $3.31. Putnam Master Intermediate Income Trust has a fifty-two week low of $3.04 and a fifty-two week high of $3.45.

Putnam Master Intermediate Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 24th were issued a dividend of $0.022 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $0.26 dividend on an annualized basis and a yield of 8.00%.

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.