Putnam Premier Income Trust (NYSE:PPT) Short Interest Up 282.0% in April

Putnam Premier Income Trust (NYSE:PPT) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 133,700 shares, a growth of 282.0% from the March 31st total of 35,000 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 200,500 shares, the days-to-cover ratio is currently 0.7 days.

Hedge Funds Weigh In On Putnam Premier Income Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PPT. South Plains Financial Inc. bought a new stake in Putnam Premier Income Trust during the fourth quarter valued at $31,000. Captrust Financial Advisors bought a new stake in shares of Putnam Premier Income Trust in the 4th quarter worth approximately $47,000. Jones Financial Companies Lllp increased its position in Putnam Premier Income Trust by 109.8% in the fourth quarter. Jones Financial Companies Lllp now owns 13,716 shares of the investment management company’s stock worth $49,000 after buying an additional 7,177 shares during the period. Citadel Advisors LLC bought a new stake in Putnam Premier Income Trust in the fourth quarter valued at $110,000. Finally, Stifel Financial Corp boosted its holdings in shares of Putnam Premier Income Trust by 12.3% during the third 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. 42.79% of the stock is owned by hedge funds and other institutional investors.

Putnam Premier Income Trust Stock Down 0.1 %

Shares of PPT stock traded down $0.01 during mid-day trading on Tuesday, hitting $3.59. The stock had a trading volume of 20,859 shares, compared to its average volume of 186,753. Putnam Premier Income Trust has a fifty-two week low of $3.40 and a fifty-two week high of $3.74. The company’s 50-day simple moving average is $3.57 and its 200-day simple moving average is $3.58.

Putnam Premier Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 17th will be given a dividend of $0.026 per share. The ex-dividend date is Thursday, April 17th. This represents a $0.31 annualized dividend and a yield of 8.70%.

Putnam Premier Income Trust Company Profile

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.