Short Interest in PUTNAM MANAGED (NYSE:PMM) Increases By 142.3%

PUTNAM MANAGED (NYSE:PMM) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 67,600 shares, an increase of 142.3% from the August 31st total of 27,900 shares. Based on an average daily volume of 90,700 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 90,700 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Investors Weigh In On PUTNAM MANAGED

Large investors have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new position in shares of PUTNAM MANAGED during the fourth quarter valued at about $203,000. Hennion & Walsh Asset Management Inc. bought a new stake in PUTNAM MANAGED in the 1st quarter valued at about $1,587,000. Advisor Resource Council bought a new stake in PUTNAM MANAGED in the 1st quarter valued at about $406,000. XML Financial LLC acquired a new position in PUTNAM MANAGED during the 1st quarter worth approximately $142,000. Finally, Smallwood Wealth Investment Management LLC bought a new position in PUTNAM MANAGED in the first quarter worth approximately $55,000. 13.54% of the stock is currently owned by institutional investors and hedge funds.

PUTNAM MANAGED Stock Performance

PUTNAM MANAGED stock opened at $6.09 on Friday. PUTNAM MANAGED has a 52-week low of $5.66 and a 52-week high of $6.53. The stock’s 50 day moving average price is $5.95 and its two-hundred day moving average price is $5.94.

PUTNAM MANAGED Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be paid a dividend of $0.0265 per share. The ex-dividend date of this dividend is Friday, October 17th. This represents a c) annualized dividend and a yield of 5.2%.

PUTNAM MANAGED Company Profile

Putnam Managed Municipal Income Trust is a close-ended fixed income mutual fund launched and managed by Putnam Investment Management LLC. It is co-managed by Putnam Investments Limited. The fund invests in the fixed income markets of the United States. It primarily invests in a diversified portfolio of tax-exempt municipal securities, including high-yield securities that are rated below investment grade.