Putnam Mast Int (NYSE:PIM – Get Free Report) saw a significant drop in short interest in September. As of September 15th, there was short interest totaling 5,922 shares, a drop of 94.7% from the August 31st total of 111,784 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 70,343 shares, the short-interest ratio is presently 0.1 days.
Putnam Mast Int Price Performance
NYSE PIM traded up $0.01 on Friday, hitting $3.02. The stock had a trading volume of 16,326 shares, compared to its average volume of 74,763. The business’s fifty day moving average price is $3.13 and its 200 day moving average price is $3.18. Putnam Mast Int has a 52-week low of $2.98 and a 52-week high of $3.46.
Putnam Mast Int Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be paid a dividend of $0.0220 per share. This represents a $0.26 annualized dividend and a yield of 8.8%. The ex-dividend date is Friday, November 20th.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in PIM. PVG Asset Management Corp lifted its holdings in shares of Putnam Mast Int by 155.2% during the first quarter. PVG Asset Management Corp now owns 1,231,891 shares of the company’s stock worth $3,967,000 after purchasing an additional 749,132 shares during the period. Fifth Third Bancorp purchased a new stake in Putnam Mast Int in the first quarter valued at approximately $120,000. Ameritas Advisory Services LLC acquired a new position in Putnam Mast Int in the 2nd quarter worth approximately $240,000. Integrity Advisory Solutions LLC acquired a new position in Putnam Mast Int in the 4th quarter worth approximately $73,000. Finally, M3 Wealth Management LLC purchased a new position in Putnam Mast Int during the 4th quarter worth approximately $68,000. 55.06% of the stock is owned by institutional investors and hedge funds.
About Putnam Mast Int
Putnam Managed Municipal Income Trust is a closed-end investment company listed on the New York Stock Exchange under the symbol PIM. The fund is managed by Putnam Investment Management, an investment management firm affiliated with Putnam Investments.
The trust’s primary objective is to seek current income that is exempt from federal income tax. It generally invests in a diversified portfolio of municipal securities issued by states, municipalities, and other public entities in the United States.
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