Putnam Mast Int (NYSE:PIM) Shares Shorted: Short Interest Down 94.7% in September

Putnam Mast Int (NYSE:PIM) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 5,922 shares, a drop of 94.7% from the August 31st total of 111,784 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 70,343 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Putnam Mast Int

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Baird Financial Group Inc. grew its stake in shares of Putnam Mast Int by 6.4% in the second quarter. Baird Financial Group Inc. now owns 66,500 shares of the company’s stock worth $215,000 after purchasing an additional 4,000 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in Putnam Mast Int during the 2nd quarter worth $240,000. Kraematon Investment Advisors Inc. bought a new position in Putnam Mast Int during the 2nd quarter worth $155,000. Fortitude Advisory Group L.L.C. raised its position in Putnam Mast Int by 17.6% during the 2nd quarter. Fortitude Advisory Group L.L.C. now owns 62,135 shares of the company’s stock worth $201,000 after purchasing an additional 9,316 shares during the last quarter. Finally, OMC Financial Services LTD acquired a new position in Putnam Mast Int during the 2nd quarter worth about $81,000. 55.06% of the stock is currently owned by institutional investors and hedge funds.

Putnam Mast Int Stock Performance

Shares of PIM stock traded up $0.01 during mid-day trading on Friday, reaching $3.02. 28,775 shares of the stock traded hands, compared to its average volume of 67,895. The stock’s fifty day simple moving average is $3.13 and its two-hundred day simple moving average is $3.18. Putnam Mast Int has a 1-year low of $2.98 and a 1-year high of $3.46.

Putnam Mast Int Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, November 30th. Investors of record on Friday, November 20th will be given a dividend of $0.0220 per share. The ex-dividend date is Friday, November 20th. This represents a $0.26 annualized dividend and a yield of 8.8%.

Putnam Mast Int Company Profile

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.