Putnam Mast Int (NYSE:PIM) Short Interest Down 56.4% in April

Putnam Mast Int (NYSE:PIM) was the target of a large decrease in short interest in April. As of April 30th, there was short interest totaling 103,451 shares, a decrease of 56.4% from the April 15th total of 237,188 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 63,796 shares, the short-interest ratio is presently 1.6 days.

Putnam Mast Int Price Performance

PIM stock traded down $0.04 during mid-day trading on Friday, reaching $3.16. The company had a trading volume of 417,903 shares, compared to its average volume of 61,547. The firm has a 50 day moving average of $3.23 and a 200 day moving average of $3.29. Putnam Mast Int has a 12 month low of $3.09 and a 12 month high of $3.50.

Putnam Mast Int Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be paid a $0.022 dividend. This represents a c) dividend on an annualized basis and a yield of 8.4%. The ex-dividend date is Monday, August 24th.

Hedge Funds Weigh In On Putnam Mast Int

A number of hedge funds have recently added to or reduced their stakes in the stock. Consolidated Portfolio Review Corp boosted its stake in shares of Putnam Mast Int by 1.1% during the third quarter. Consolidated Portfolio Review Corp now owns 367,187 shares of the company’s stock valued at $1,263,000 after purchasing an additional 3,990 shares in the last quarter. Weaver Consulting Group boosted its stake in shares of Putnam Mast Int by 20.0% during the fourth quarter. Weaver Consulting Group now owns 42,000 shares of the company’s stock valued at $140,000 after purchasing an additional 7,000 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Putnam Mast Int during the second quarter valued at approximately $25,000. WealthTrust Axiom LLC boosted its stake 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 valued at $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 Putnam Mast Int during the fourth quarter valued at approximately $45,000. 55.06% of the stock is currently owned by institutional investors.

Putnam Mast Int Company Profile

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.