Short Interest in Putnam Premier Income Trust (NYSE:PPT) Decreases By 34.7%

Putnam Premier Income Trust (NYSE:PPT) was the target of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 35,000 shares, a decline of 34.7% from the March 15th total of 53,600 shares. Based on an average daily trading volume, of 193,000 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Putnam Premier Income Trust Stock Performance

Shares of PPT stock traded up $0.02 during trading hours on Thursday, reaching $3.54. The company had a trading volume of 152,095 shares, compared to its average volume of 165,175. Putnam Premier Income Trust has a one year low of $3.40 and a one year high of $3.74. The business has a fifty day moving average price of $3.58 and a 200-day moving average price of $3.59.

Putnam Premier Income Trust Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 17th will be issued a $0.026 dividend. This represents a $0.31 annualized dividend and a dividend yield of 8.83%. The ex-dividend date is Thursday, April 17th.

Institutional Investors Weigh In On Putnam Premier Income Trust

A number of large investors have recently made changes to their positions in PPT. Janney Montgomery Scott LLC lifted its stake in shares of Putnam Premier Income Trust by 0.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 658,186 shares of the investment management company’s stock worth $2,376,000 after purchasing an additional 3,108 shares during the period. Quad Cities Investment Group LLC boosted its stake in shares of Putnam Premier Income Trust by 1.1% during the 1st quarter. Quad Cities Investment Group LLC now owns 287,920 shares of the investment management company’s stock worth $1,039,000 after acquiring an additional 3,229 shares during the last quarter. Future Financial Wealth Managment LLC grew its position in shares of Putnam Premier Income Trust by 6.9% during the 1st quarter. Future Financial Wealth Managment LLC now owns 132,846 shares of the investment management company’s stock valued at $480,000 after acquiring an additional 8,564 shares during the period. Captrust Financial Advisors purchased a new stake in shares of Putnam Premier Income Trust in the 4th quarter worth $47,000. Finally, Citadel Advisors LLC purchased a new position in Putnam Premier Income Trust during the fourth quarter valued at $110,000. 42.79% of the stock is currently owned by 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.