Putnam Master Intermediate Income Trust (NYSE:PIM) Short Interest Up 153.0% in April

Putnam Master Intermediate Income Trust (NYSE:PIMGet Rating) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 116,400 shares, a growth of 153.0% from the March 31st total of 46,000 shares. Based on an average daily trading volume, of 119,600 shares, the short-interest ratio is currently 1.0 days.

Several institutional investors and hedge funds have recently modified their holdings of PIM. Commonwealth Equity Services LLC grew its stake in shares of Putnam Master Intermediate Income Trust by 12.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 84,819 shares of the company’s stock worth $345,000 after acquiring an additional 9,318 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Putnam Master Intermediate Income Trust by 59.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 7,961 shares of the company’s stock worth $32,000 after acquiring an additional 2,961 shares in the last quarter. Truist Financial Corp bought a new position in shares of Putnam Master Intermediate Income Trust during the 3rd quarter worth approximately $125,000. RB Capital Management LLC grew its stake in shares of Putnam Master Intermediate Income Trust by 63.6% during the 3rd quarter. RB Capital Management LLC now owns 19,745 shares of the company’s stock worth $80,000 after acquiring an additional 7,675 shares in the last quarter. Finally, Sit Investment Associates Inc. grew its stake in shares of Putnam Master Intermediate Income Trust by 3.5% during the 3rd quarter. Sit Investment Associates Inc. now owns 13,503,140 shares of the company’s stock worth $54,958,000 after acquiring an additional 452,459 shares in the last quarter. 47.47% of the stock is owned by institutional investors.

Shares of PIM stock opened at $3.53 on Friday. The company’s 50 day moving average price is $3.52 and its two-hundred day moving average price is $3.75. Putnam Master Intermediate Income Trust has a 52 week low of $3.41 and a 52 week high of $4.33.

The firm also recently declared a monthly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Tuesday, May 24th will be paid a dividend of $0.022 per share. The ex-dividend date is Monday, May 23rd. This represents a $0.26 annualized dividend and a dividend yield of 7.48%.

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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