Putnam Mast Int (NYSE:PIM) Short Interest Update

Putnam Mast Int (NYSE:PIM) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 111,784 shares, a growth of 81.2% from the August 15th total of 61,680 shares. Based on an average trading volume of 48,434 shares, the days-to-cover ratio is currently 2.3 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of PIM. Northstar Financial Companies Inc. purchased a new stake in Putnam Mast Int in the first quarter valued at approximately $49,000. M3 Wealth Management LLC acquired a new position in Putnam Mast Int during the fourth quarter worth approximately $68,000. Integrity Advisory Solutions LLC purchased a new position in Putnam Mast Int during the fourth quarter worth approximately $73,000. OMC Financial Services LTD purchased a new position in Putnam Mast Int during the second quarter worth approximately $81,000. Finally, Maridea Wealth Management LLC acquired a new position in shares of Putnam Mast Int in the 2nd quarter valued at $91,000. 55.06% of the stock is currently owned by hedge funds and other institutional investors.

Putnam Mast Int Stock Performance

PIM stock remained flat at $3.05 during trading on Wednesday. 30,321 shares of the company traded hands, compared to its average volume of 74,768. The company has a fifty day moving average price of $3.15 and a 200 day moving average price of $3.19. Putnam Mast Int has a 12-month low of $2.98 and a 12-month high of $3.50.

Putnam Mast Int Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 20th will be paid a dividend of $0.022 per share. The ex-dividend date of this dividend is Friday, November 20th. This represents a c) dividend on an annualized basis and a dividend yield of 8.7%.

About Putnam Mast Int

Putnam Managed Municipal Income Trust is a closed-end investment company listed on the New York Stock Exchange under the symbol PIM. The fund is managed by Putnam Investment Management, an investment management firm affiliated with Putnam Investments.

The trust’s primary objective is to seek current income that is exempt from federal income tax. It generally invests in a diversified portfolio of municipal securities issued by states, municipalities, and other public entities in the United States.