Putnam Premier Income Trust (NYSE:PPT – Get Rating) was the target of a large growth in short interest during the month of April. As of April 30th, there was short interest totalling 60,100 shares, a growth of 46.6% from the April 15th total of 41,000 shares. Based on an average trading volume of 275,800 shares, the short-interest ratio is presently 0.2 days.
Shares of PPT stock opened at $3.81 on Friday. Putnam Premier Income Trust has a twelve month low of $3.76 and a twelve month high of $4.82. The stock’s fifty day simple moving average is $3.91 and its 200 day simple moving average is $4.12.
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, June 1st. Investors of record on Tuesday, May 24th will be given a dividend of $0.026 per share. The ex-dividend date of this dividend is Monday, May 23rd. This represents a $0.31 dividend on an annualized basis and a yield of 8.19%.
Putnam Premier Income Trust Company Profile (Get Rating)
Putnam Premier 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 public fixed income markets across the globe. The fund primarily invests in U.S. high-grade and high-yield bonds with an average credit quality of BBB by S&P Corporation.
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