Putnam Master Intermediate Income Trust (NYSE:PIM – Get Rating) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 46,000 shares, an increase of 364.6% from the March 15th total of 9,900 shares. Based on an average daily trading volume, of 129,000 shares, the days-to-cover ratio is currently 0.4 days.
Shares of PIM stock opened at $3.55 on Friday. Putnam Master Intermediate Income Trust has a twelve month low of $3.41 and a twelve month high of $4.33. The business has a fifty day simple moving average of $3.53 and a 200 day simple moving average of $3.79.
The firm also recently disclosed a monthly dividend, which will be paid on Monday, May 2nd. Investors of record on Friday, April 22nd will be given a dividend of $0.022 per share. The ex-dividend date is Thursday, April 21st. This represents a $0.26 annualized dividend and a dividend yield of 7.44%.
About Putnam Master Intermediate Income Trust (Get Rating)
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.
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