Putnam Mast Int (NYSE:PIM) Short Interest Update

Putnam Mast Int (NYSE:PIM) was the recipient of a significant drop in short interest in April. As of April 30th, there was short interest totaling 103,451 shares, a drop of 56.4% from the April 15th total of 237,188 shares. Based on an average daily volume of 63,796 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.2% of the shares of the stock are sold short.

Putnam Mast Int Trading Down 1.3%

Shares of PIM stock traded down $0.04 on Friday, reaching $3.16. The company’s stock had a trading volume of 417,903 shares, compared to its average volume of 61,547. The stock’s fifty day simple moving average is $3.23 and its 200-day simple moving average is $3.29. Putnam Mast Int has a 1 year low of $3.09 and a 1 year high of $3.50.

Putnam Mast Int Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be issued a $0.022 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 8.4%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. purchased a new position in shares of Putnam Mast Int in the second quarter valued at $25,000. Landscape Capital Management L.L.C. purchased a new position in shares of Putnam Mast Int in the fourth quarter valued at $45,000. Northstar Financial Companies Inc. purchased a new position in shares of Putnam Mast Int in the first quarter valued at $49,000. M3 Wealth Management LLC purchased a new position in shares of Putnam Mast Int in the fourth quarter valued at $68,000. Finally, Integrity Advisory Solutions LLC purchased a new position in shares of Putnam Mast Int in the fourth quarter valued at $73,000. 55.06% of the stock is owned by hedge funds and other institutional investors.

About Putnam Mast Int

Putnam Master International (NYSE:PIM) is a closed-end management investment company that seeks long-term capital appreciation by investing primarily in equity securities of non-U.S. companies. The fund maintains a diversified portfolio spanning developed and emerging markets, with a focus on identifying businesses offering strong growth potential, attractive valuations and sound corporate governance. Shares of PIM trade on the NYSE, providing investors with a fixed capital structure and the opportunity to gain exposure to global equity markets through a single vehicle.

The fund’s investment team, managed by Putnam Retail Management LP, conducts bottom-up fundamental analysis to select holdings across multiple industries and geographies.