Putnam Premier Income Trust (NYSE:PPT) Sees Significant Increase in Short Interest

Putnam Premier Income Trust (NYSE:PPT) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 181,713 shares, a growth of 101.1% from the September 30th total of 90,346 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 133,381 shares, the short-interest ratio is presently 1.4 days.

Putnam Premier Income Trust Stock Down 0.2%

Shares of NYSE:PPT traded down $0.01 during trading on Friday, reaching $3.29. 95,526 shares of the stock were exchanged, compared to its average volume of 118,409. The firm’s 50-day moving average price is $3.32 and its 200 day moving average price is $3.46. Putnam Premier Income Trust has a 12-month low of $3.21 and a 12-month high of $3.67.

Putnam Premier Income Trust Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be given a dividend of $0.0260 per share. This represents a $0.31 dividend on an annualized basis and a yield of 9.5%. The ex-dividend date of this dividend is Friday, November 20th.

Institutional Investors Weigh In On Putnam Premier Income Trust

Large investors have recently made changes to their positions in the business. Mirador Capital Partners LP boosted its position in Putnam Premier Income Trust by 2.7% in the 3rd quarter. Mirador Capital Partners LP now owns 127,004 shares of the investment management company’s stock valued at $417,000 after buying an additional 3,381 shares during the last quarter. IFP Advisors Inc grew its stake in shares of Putnam Premier Income Trust by 17.6% during the second quarter. IFP Advisors Inc now owns 23,506 shares of the investment management company’s stock valued at $82,000 after acquiring an additional 3,526 shares in the last quarter. Oder Investment Management LLC increased its position in shares of Putnam Premier Income Trust by 5.4% during the first quarter. Oder Investment Management LLC now owns 74,587 shares of the investment management company’s stock worth $265,000 after acquiring an additional 3,795 shares during the last quarter. Baird Financial Group Inc. increased its position in shares of Putnam Premier Income Trust by 2.4% during the second quarter. Baird Financial Group Inc. now owns 197,900 shares of the investment management company’s stock worth $691,000 after acquiring an additional 4,650 shares during the last quarter. Finally, Summit Securities Group LLC acquired a new position in shares of Putnam Premier Income Trust in the first quarter worth about $29,000. Institutional investors and hedge funds own 42.79% of the company’s stock.

About Putnam Premier Income Trust

Putnam Premier Income Trust (NYSE: PPT) is a closed-end investment fund managed by Putnam Investment Management, LLC. The fund’s primary objective is to provide a high level of current income, with capital appreciation as a secondary objective.

The trust invests primarily in income-producing fixed-income securities. Its portfolio may include corporate bonds, government and agency debt, mortgage- and asset-backed securities, high-yield bonds and obligations issued by companies and governments in the United States and other countries.