Putnam Mast Int (NYSE:PIM) Sees Large Decrease in Short Interest

Putnam Mast Int (NYSE:PIM) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 34,052 shares, a drop of 49.8% from the May 14th total of 67,771 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 75,103 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PIM. PVG Asset Management Corp increased its stake in Putnam Mast Int by 1,151.3% in the 4th quarter. PVG Asset Management Corp now owns 482,759 shares of the company’s stock worth $1,612,000 after buying an additional 444,177 shares during the period. Summit Financial LLC increased its stake in Putnam Mast Int by 206.4% in the 4th quarter. Summit Financial LLC now owns 592,051 shares of the company’s stock worth $1,977,000 after buying an additional 398,831 shares during the period. Invictus Private Wealth LLC purchased a new position in Putnam Mast Int in the 3rd quarter worth about $264,000. Eclectic Associates Inc. ADV purchased a new position in Putnam Mast Int in the 4th quarter worth about $179,000. Finally, Fifth Third Bancorp purchased a new position in Putnam Mast Int in the 1st quarter worth about $120,000. Hedge funds and other institutional investors own 55.06% of the company’s stock.

Putnam Mast Int Trading Up 0.5%

PIM stock traded up $0.02 during trading on Friday, hitting $3.19. The company had a trading volume of 108,681 shares, compared to its average volume of 96,113. Putnam Mast Int has a 52-week low of $3.07 and a 52-week high of $3.50. The company has a 50 day simple moving average of $3.21 and a 200-day simple moving average of $3.26.

Putnam Mast Int Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be paid a $0.022 dividend. This represents a c) annualized dividend and a yield of 8.3%. The ex-dividend date of this dividend is Monday, August 24th.

About Putnam Mast Int

Putnam Master International (NYSE:PIM) is a closed-end management investment company that seeks long-term capital appreciation by investing primarily in equity securities of non-U.S. companies. The fund maintains a diversified portfolio spanning developed and emerging markets, with a focus on identifying businesses offering strong growth potential, attractive valuations and sound corporate governance. Shares of PIM trade on the NYSE, providing investors with a fixed capital structure and the opportunity to gain exposure to global equity markets through a single vehicle.

The fund’s investment team, managed by Putnam Retail Management LP, conducts bottom-up fundamental analysis to select holdings across multiple industries and geographies.