Putnam Premier Income Trust (NYSE:PPT) Short Interest Up 467.9% in January

Putnam Premier Income Trust (NYSE:PPT) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 41,717 shares, an increase of 467.9% from the December 31st total of 7,346 shares. Based on an average trading volume of 224,183 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 224,183 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Putnam Premier Income Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Invesco Ltd. grew its holdings in shares of Putnam Premier Income Trust by 24.2% during the third quarter. Invesco Ltd. now owns 1,179,068 shares of the investment management company’s stock worth $4,351,000 after purchasing an additional 229,753 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Putnam Premier Income Trust by 2.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 677,347 shares of the investment management company’s stock valued at $2,486,000 after purchasing an additional 19,161 shares during the last quarter. Riverbridge Partners LLC boosted its position in shares of Putnam Premier Income Trust by 157.6% in the 4th quarter. Riverbridge Partners LLC now owns 609,426 shares of the investment management company’s stock valued at $2,157,000 after purchasing an additional 372,890 shares during the period. Osaic Holdings Inc. grew its stake in Putnam Premier Income Trust by 16.6% during the 2nd quarter. Osaic Holdings Inc. now owns 250,042 shares of the investment management company’s stock worth $918,000 after buying an additional 35,615 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in Putnam Premier Income Trust by 3.0% during the 2nd quarter. Bank of America Corp DE now owns 194,999 shares of the investment management company’s stock worth $716,000 after buying an additional 5,756 shares during the last quarter. 42.79% of the stock is owned by hedge funds and other institutional investors.

Putnam Premier Income Trust Price Performance

PPT stock traded up $0.02 during trading on Thursday, hitting $3.63. 329,051 shares of the company’s stock were exchanged, compared to its average volume of 201,848. The business 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 has a 52-week low of $3.40 and a 52-week high of $3.77.

Putnam Premier Income Trust Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be issued a $0.026 dividend. The ex-dividend date is Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 8.6%.

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.