Putnam Premier Income Trust (NYSE:PPT) Short Interest Down 84.9% in December

Putnam Premier Income Trust (NYSE:PPT) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totaling 7,346 shares, a decline of 84.9% from the December 15th total of 48,611 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 304,793 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 304,793 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Hedge Funds Weigh In On Putnam Premier Income Trust

A number of institutional investors have recently added to or reduced their stakes in the business. Riverbridge Partners LLC increased its position in shares of 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 valued at $2,157,000 after acquiring an additional 372,890 shares in the last quarter. Invesco Ltd. lifted its position in shares of Putnam Premier Income Trust by 24.2% during 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. Captrust Financial Advisors purchased a new stake in Putnam Premier Income Trust in the 2nd quarter worth approximately $465,000. Mirador Capital Partners LP purchased a new position in shares of Putnam Premier Income Trust during the 4th quarter valued at $252,000. Finally, Pin Oak Investment Advisors Inc. raised its holdings in Putnam Premier Income Trust by 55.2% during the third quarter. Pin Oak Investment Advisors Inc. now owns 160,370 shares of the investment management company’s stock valued at $592,000 after acquiring an additional 57,050 shares during the period. 42.79% of the stock is currently owned by institutional investors.

Putnam Premier Income Trust Price Performance

PPT traded down $0.01 during mid-day trading on Wednesday, reaching $3.60. 162,529 shares of the stock were exchanged, compared to its average volume of 255,421. Putnam Premier Income Trust has a 1 year low of $3.40 and a 1 year high of $3.77. The company has a 50 day moving average price of $3.58 and a two-hundred day moving average price of $3.64.

Putnam Premier Income Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be issued a dividend of $0.026 per share. The ex-dividend date of this dividend is Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 8.7%.

Putnam Premier Income Trust Company Profile

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.