Putnam Master Intermediate Income Trust (NYSE:PIM – Get Free Report) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 16,900 shares, a growth of 550.0% from the February 29th total of 2,600 shares. Based on an average trading volume of 58,300 shares, the short-interest ratio is currently 0.3 days.
Putnam Master Intermediate Income Trust Price Performance
Shares of NYSE PIM remained flat at $3.20 during midday trading on Thursday. 49,297 shares of the company traded hands, compared to its average volume of 55,656. Putnam Master Intermediate Income Trust has a 12-month low of $2.90 and a 12-month high of $3.28. The firm has a fifty day simple moving average of $3.20 and a 200-day simple moving average of $3.12.
Putnam Master Intermediate Income Trust Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 24th will be issued a dividend of $0.022 per share. The ex-dividend date is Tuesday, April 23rd. This represents a $0.26 annualized dividend and a yield of 8.25%.
Hedge Funds Weigh In On Putnam Master Intermediate Income Trust
Putnam Master Intermediate Income Trust Company Profile
Putnam Master Intermediate Income Trust is a closed ended fixed income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in the fixed income markets of the United States. The fund invests in bonds of companies operating across diversified sectors.
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