Putnam Managed (NYSE:PMM) Short Interest Down 72.1% in January

Putnam Managed (NYSE:PMM) was the target of a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 12,361 shares, a drop of 72.1% from the January 15th total of 44,248 shares. Based on an average daily volume of 131,449 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 131,449 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Putnam Managed

Several institutional investors and hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC acquired a new stake in shares of Putnam Managed during the 4th quarter worth about $36,000. Duncker Streett & Co. Inc. bought a new position in Putnam Managed in the 2nd quarter valued at about $42,000. WealthCare Investment Partners LLC acquired a new stake in Putnam Managed during the third quarter worth approximately $61,000. Nomura Holdings Inc. bought a new stake in shares of Putnam Managed during the second quarter worth approximately $60,000. Finally, Mesirow Financial Investment Management Inc. bought a new stake in shares of Putnam Managed during the fourth quarter worth approximately $63,000. 13.54% of the stock is currently owned by institutional investors and hedge funds.

Putnam Managed Price Performance

NYSE:PMM traded down $0.02 on Wednesday, hitting $6.35. The company’s stock had a trading volume of 116,650 shares, compared to its average volume of 104,016. Putnam Managed has a one year low of $5.66 and a one year high of $6.44. The stock has a fifty day moving average of $6.22 and a two-hundred day moving average of $6.09.

Putnam Managed Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be paid a $0.0265 dividend. This represents a c) dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Friday, February 20th.

Putnam Managed Company Profile

Putnam Managed Municipal Income Trust (NYSE: PMM) is a closed-end management investment company that seeks to provide current income exempt from federal income tax. The trust’s primary business activity is the active management of a diversified portfolio of investment-grade municipal securities, including general obligation and revenue bonds issued by U.S. states and municipalities. Using a flexible approach, PMM’s portfolio managers may also invest in below-investment-grade or unrated municipal securities, subject to quality restrictions, to enhance yield potential.

Established in September 1993, PMM has a long history of targeting tax-exempt income for its shareholders.