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

Putnam Master Intermediate Income Trust (NYSE:PIM) saw a significant drop in short interest during the month of October. As of October 15th, there was short interest totalling 201,400 shares, a drop of 21.5% from the September 30th total of 256,600 shares. Based on an average daily trading volume, of 78,100 shares, the days-to-cover ratio is presently 2.6 days.

Putnam Master Intermediate Income Trust Trading Up 0.3 %

Putnam Master Intermediate Income Trust stock traded up $0.01 during midday trading on Friday, reaching $3.29. The company’s stock had a trading volume of 32,540 shares, compared to its average volume of 60,935. The stock’s 50-day simple moving average is $3.36 and its 200-day simple moving average is $3.26. Putnam Master Intermediate Income Trust has a 52-week low of $2.90 and a 52-week high of $3.45.

Putnam Master Intermediate Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 24th will be issued a $0.022 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 8.02%. The ex-dividend date is Thursday, October 24th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Consolidated Portfolio Review Corp increased its holdings in shares of Putnam Master Intermediate Income Trust by 5.8% in the third quarter. Consolidated Portfolio Review Corp now owns 266,762 shares of the company’s stock valued at $904,000 after purchasing an additional 14,721 shares during the period. Shaker Financial Services LLC increased its holdings in shares of Putnam Master Intermediate Income Trust by 412.8% in the second quarter. Shaker Financial Services LLC now owns 237,727 shares of the company’s stock valued at $772,000 after purchasing an additional 191,369 shares during the period. FDx Advisors Inc. acquired a new position in shares of Putnam Master Intermediate Income Trust in the second quarter valued at about $77,000. WMG Financial Advisors LLC acquired a new position in shares of Putnam Master Intermediate Income Trust in the second quarter valued at about $64,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Putnam Master Intermediate Income Trust by 9.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 812,604 shares of the company’s stock valued at $2,621,000 after purchasing an additional 69,175 shares during the period. 55.06% of the stock is owned by institutional investors and hedge funds.

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.