Putnam Mast Int (NYSE:PIM) Short Interest Update

Putnam Mast Int (NYSE:PIM) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totaling 137,790 shares, an increase of 304.6% from the May 31st total of 34,052 shares. Based on an average trading volume of 90,736 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.3% of the company’s stock are short sold.

Putnam Mast Int Stock Performance

Shares of Putnam Mast Int stock traded up $0.01 during midday trading on Friday, hitting $3.17. The company had a trading volume of 46,635 shares, compared to its average volume of 68,218. The company has a fifty day simple moving average of $3.19 and a 200 day simple moving average of $3.25. Putnam Mast Int has a 12-month low of $3.07 and a 12-month high of $3.50.

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 given a $0.022 dividend. This represents a c) annualized dividend and a dividend yield of 8.3%. The ex-dividend date of this dividend is Monday, August 24th.

Institutional Investors Weigh In On Putnam Mast Int

A number of large investors have recently bought and sold shares of PIM. Raymond James Financial Inc. acquired a new position in Putnam Mast Int in the 2nd quarter worth approximately $25,000. Landscape Capital Management L.L.C. acquired a new stake in Putnam Mast Int during the 4th quarter valued at approximately $45,000. Northstar Financial Companies Inc. purchased a new stake in shares of Putnam Mast Int in the 1st quarter valued at $49,000. M3 Wealth Management LLC purchased a new stake in shares of Putnam Mast Int in the 4th quarter valued at $68,000. Finally, Integrity Advisory Solutions LLC acquired a new stake in shares of Putnam Mast Int in the fourth quarter worth $73,000. Hedge funds and other institutional investors own 55.06% of the company’s stock.

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.