Putnam Managed (NYSE:PMM) Short Interest Down 72.1% in January

Putnam Managed (NYSE:PMM) saw a large decrease in short interest in January. As of January 30th, there was short interest totaling 12,361 shares, a decrease of 72.1% from the January 15th total of 44,248 shares. Based on an average daily trading volume, of 131,449 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 131,449 shares, the days-to-cover ratio is presently 0.1 days.

Putnam Managed Trading Down 0.2%

Shares of Putnam Managed stock traded down $0.01 on Friday, hitting $6.34. 113,476 shares of the company traded hands, compared to its average volume of 108,540. Putnam Managed has a 12-month low of $5.66 and a 12-month high of $6.44. The company has a 50-day moving average price of $6.23 and a 200 day moving average price of $6.10.

Putnam Managed Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be given a $0.0265 dividend. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Friday, February 20th.

Institutional Investors Weigh In On Putnam Managed

Several large investors have recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. increased its holdings in Putnam Managed by 78.7% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,009,350 shares of the company’s stock worth $6,329,000 after buying an additional 444,374 shares during the last quarter. Advisors Asset Management Inc. grew its position in Putnam Managed by 29.9% in the fourth quarter. Advisors Asset Management Inc. now owns 867,048 shares of the company’s stock worth $5,436,000 after acquiring an additional 199,831 shares in the last quarter. G2 Capital Management LLC OH acquired a new position in shares of Putnam Managed during the 4th quarter worth $673,000. Allworth Financial LP acquired a new position in shares of Putnam Managed during the 2nd quarter worth $617,000. Finally, Invesco Ltd. raised its holdings in shares of Putnam Managed by 55.0% during the 2nd quarter. Invesco Ltd. now owns 261,413 shares of the company’s stock valued at $1,563,000 after purchasing an additional 92,727 shares in the last quarter. Institutional investors own 13.54% of the company’s stock.

About Putnam Managed

Putnam Managed Municipal Income Trust (NYSE: PMM) is a closed-end management investment company that seeks to provide current income exempt from federal income tax. The trust’s primary business activity is the active management of a diversified portfolio of investment-grade municipal securities, including general obligation and revenue bonds issued by U.S. states and municipalities. Using a flexible approach, PMM’s portfolio managers may also invest in below-investment-grade or unrated municipal securities, subject to quality restrictions, to enhance yield potential.

Established in September 1993, PMM has a long history of targeting tax-exempt income for its shareholders.