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

Putnam Mast Int (NYSE:PIM) was the target of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 76,730 shares, a decrease of 37.6% from the June 30th total of 123,012 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 39,378 shares, the days-to-cover ratio is currently 1.9 days.

Hedge Funds Weigh In On Putnam Mast Int

Several large investors have recently added to or reduced their stakes in the company. PVG Asset Management Corp boosted its position in shares of Putnam Mast Int by 155.2% in the first quarter. PVG Asset Management Corp now owns 1,231,891 shares of the company’s stock worth $3,967,000 after purchasing an additional 749,132 shares during the period. Northstar Financial Companies Inc. bought a new stake in shares of Putnam Mast Int during the 1st quarter valued at $49,000. Fifth Third Bancorp purchased a new position in shares of Putnam Mast Int during the 1st quarter valued at $120,000. WealthTrust Axiom LLC grew its position in shares of Putnam Mast Int by 11.3% during the fourth quarter. WealthTrust Axiom LLC now owns 108,000 shares of the company’s stock worth $361,000 after purchasing an additional 11,000 shares in the last quarter. Finally, Landscape Capital Management L.L.C. purchased a new stake in shares of Putnam Mast Int during the fourth quarter worth about $45,000. Hedge funds and other institutional investors own 55.06% of the company’s stock.

Putnam Mast Int Stock Down 1.1%

Shares of NYSE PIM traded down $0.04 during trading on Thursday, hitting $3.10. The company had a trading volume of 96,017 shares, compared to its average volume of 79,908. Putnam Mast Int has a 12 month low of $3.07 and a 12 month high of $3.50. The stock has a 50 day simple moving average of $3.17 and a 200 day simple moving average of $3.23.

Putnam Mast Int Announces Dividend

The company 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 $0.022 dividend. This represents a c) annualized dividend and a yield of 8.5%. The ex-dividend date of this dividend is Monday, August 24th.

About Putnam Mast Int

Putnam Master International (NYSE:PIM) is a closed-end management investment company that seeks long-term capital appreciation by investing primarily in equity securities of non-U.S. companies. The fund maintains a diversified portfolio spanning developed and emerging markets, with a focus on identifying businesses offering strong growth potential, attractive valuations and sound corporate governance. Shares of PIM trade on the NYSE, providing investors with a fixed capital structure and the opportunity to gain exposure to global equity markets through a single vehicle.

The fund’s investment team, managed by Putnam Retail Management LP, conducts bottom-up fundamental analysis to select holdings across multiple industries and geographies.