Putnam Premier Income Trust (NYSE:PPT) Short Interest Update

Putnam Premier Income Trust (NYSE:PPT) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totaling 41,717 shares, an increase of 467.9% from the December 31st total of 7,346 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 224,183 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 224,183 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Trading of Putnam Premier Income Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Integrity Advisory Solutions LLC acquired a new position in shares of Putnam Premier Income Trust during the 3rd quarter worth about $44,000. First National Trust Co purchased a new position in shares of Putnam Premier Income Trust in the third quarter valued at approximately $48,000. Thrivent Financial for Lutherans purchased a new stake in Putnam Premier Income Trust during the 3rd quarter worth about $57,000. IFP Advisors Inc lifted its position in shares of Putnam Premier Income Trust by 68.6% during the 2nd quarter. IFP Advisors Inc now owns 19,980 shares of the investment management company’s stock worth $73,000 after purchasing an additional 8,130 shares during the last quarter. Finally, Baird Financial Group Inc. purchased a new stake in shares of Putnam Premier Income Trust during the 1st quarter worth approximately $80,000. 42.79% of the stock is currently owned by hedge funds and other institutional investors.

Putnam Premier Income Trust Trading Up 1.0%

Putnam Premier Income Trust stock opened at $3.62 on Wednesday. The stock has a 50-day moving average of $3.58 and a two-hundred day moving average of $3.64. Putnam Premier Income Trust has a one year low of $3.40 and a one year high of $3.77.

Putnam Premier Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be given a dividend of $0.026 per share. The ex-dividend date of this dividend is Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 8.6%.

About Putnam Premier Income Trust

Putnam Premier Income Trust (NYSE:PPT) is a diversified closed-end management investment company that seeks to provide current income with a secondary objective of capital appreciation. The trust pursues income through a portfolio of domestic and international fixed-income and equity securities, including high-yield corporate bonds, investment-grade debt, preferred securities and dividend-paying stocks. Its investment strategy emphasizes diversification across credit quality, sector and geography to balance income generation with risk management.

The fund employs leverage, including borrowing and preferred shares, to enhance its income potential within regulatory limits.