Putnam Mast Int (NYSE:PIM) Sees Significant Decline in Short Interest

Putnam Mast Int (NYSE:PIM) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 48,436 shares, a decline of 47.3% from the September 30th total of 91,899 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 114,473 shares, the short-interest ratio is currently 0.4 days.

Putnam Mast Int Stock Performance

Shares of PIM stock traded up $0.03 during trading hours on Friday, hitting $3.04. The company had a trading volume of 170,209 shares, compared to its average volume of 104,005. The company’s fifty day moving average is $3.06 and its 200 day moving average is $3.18. Putnam Mast Int has a fifty-two week low of $2.95 and a fifty-two week high of $3.42.

Putnam Mast Int Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 20th will be paid a $0.0220 dividend. The ex-dividend date of this dividend is Friday, November 20th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 8.7%.

Institutional Investors Weigh In On Putnam Mast Int

Several institutional investors and hedge funds have recently modified their holdings of the company. Penbrook Management LLC lifted its stake in Putnam Mast Int by 3.4% during the 3rd quarter. Penbrook Management LLC now owns 152,063 shares of the company’s stock worth $459,000 after acquiring an additional 5,000 shares in the last quarter. Farther Finance Advisors LLC purchased a new position in Putnam Mast Int during the 3rd quarter valued at about $39,000. Baird Financial Group Inc. grew its position in Putnam Mast Int by 6.4% in the 2nd quarter. Baird Financial Group Inc. now owns 66,500 shares of the company’s stock valued at $215,000 after acquiring an additional 4,000 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in Putnam Mast Int in the 2nd quarter valued at about $240,000. Finally, Kraematon Investment Advisors Inc. acquired a new position in Putnam Mast Int in the 2nd quarter valued at about $155,000. Hedge funds and other institutional investors own 55.06% of the company’s stock.

Putnam Mast Int Company Profile

Putnam Managed Municipal Income Trust (NYSE: PIM) is a closed-end management investment company that seeks to provide high current income that is exempt from federal income tax.

The fund invests primarily in municipal securities issued by states, municipalities and other governmental entities. Its portfolio may include bonds that finance public infrastructure and services, with investment decisions made according to the fund’s objectives, policies and risk considerations.

Putnam Investment Management, LLC serves as the fund’s investment adviser.