Putnam Premier Income Trust (NYSE:PPT) Short Interest Down 53.9% in June

Putnam Premier Income Trust (NYSE:PPT) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 15,689 shares, a decrease of 53.9% from the June 15th total of 34,061 shares. Based on an average daily trading volume, of 94,069 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

Institutional Investors Weigh In On Putnam Premier Income Trust

Large investors have recently added to or reduced their stakes in the stock. Sit Investment Associates Inc. lifted its position in Putnam Premier Income Trust by 3.6% in the fourth quarter. Sit Investment Associates Inc. now owns 28,292,873 shares of the investment management company’s stock worth $100,157,000 after purchasing an additional 992,088 shares during the period. Riverbridge Partners LLC boosted its stake in Putnam Premier Income Trust by 157.6% during the fourth quarter. Riverbridge Partners LLC now owns 609,426 shares of the investment management company’s stock worth $2,157,000 after buying an additional 372,890 shares in the last quarter. Advisors Asset Management Inc. bought a new stake in Putnam Premier Income Trust in the 4th quarter valued at $820,000. Invesco Ltd. raised its stake in shares of Putnam Premier Income Trust by 24.2% in the 3rd quarter. Invesco Ltd. now owns 1,179,068 shares of the investment management company’s stock valued at $4,351,000 after buying an additional 229,753 shares in the last quarter. Finally, Balyasny Asset Management L.P. acquired a new position in shares of Putnam Premier Income Trust in the 4th quarter valued at $466,000. Institutional investors own 42.79% of the company’s stock.

Putnam Premier Income Trust Price Performance

Shares of NYSE:PPT traded up $0.01 on Wednesday, reaching $3.44. The company had a trading volume of 113,872 shares, compared to its average volume of 80,501. The stock has a 50-day moving average price of $3.45 and a 200 day moving average price of $3.53. Putnam Premier Income Trust has a twelve month low of $3.41 and a twelve month high of $3.77.

Putnam Premier Income Trust Announces Dividend

The business 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 $0.026 dividend. This represents a c) annualized dividend and a yield of 9.1%. The ex-dividend date is Monday, August 24th.

About Putnam Premier Income Trust

Putnam Premier Income Trust (NYSE:PPT) is a diversified closed-end management investment company that seeks to provide current income with a secondary objective of capital appreciation. The trust pursues income through a portfolio of domestic and international fixed-income and equity securities, including high-yield corporate bonds, investment-grade debt, preferred securities and dividend-paying stocks. Its investment strategy emphasizes diversification across credit quality, sector and geography to balance income generation with risk management.

The fund employs leverage, including borrowing and preferred shares, to enhance its income potential within regulatory limits.