Putnam Mast Int (NYSE:PIM) Short Interest Up 81.2% in August

Putnam Mast Int (NYSE:PIM) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 111,784 shares, a growth of 81.2% from the August 15th total of 61,680 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 48,434 shares, the days-to-cover ratio is currently 2.3 days.

Institutional Investors Weigh In On Putnam Mast Int

Hedge funds and other institutional investors have recently modified their holdings of the stock. PVG Asset Management Corp raised its stake in shares of Putnam Mast Int by 155.2% in the 1st quarter. PVG Asset Management Corp now owns 1,231,891 shares of the company’s stock valued at $3,967,000 after buying an additional 749,132 shares in the last quarter. WealthTrust Axiom LLC boosted its stake in shares of Putnam Mast Int by 11.3% in the 4th 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. Baird Financial Group Inc. increased its position in shares of Putnam Mast Int by 6.4% during the 2nd quarter. Baird Financial Group Inc. now owns 66,500 shares of the company’s stock worth $215,000 after purchasing an additional 4,000 shares in the last quarter. Fortitude Advisory Group L.L.C. lifted its holdings in Putnam Mast Int by 17.6% during the 2nd quarter. Fortitude Advisory Group L.L.C. now owns 62,135 shares of the company’s stock valued at $201,000 after purchasing an additional 9,316 shares during the last quarter. Finally, Weaver Consulting Group boosted its position in Putnam Mast Int by 20.0% in the fourth quarter. Weaver Consulting Group now owns 42,000 shares of the company’s stock valued at $140,000 after buying an additional 7,000 shares in the last quarter. Institutional investors and hedge funds own 55.06% of the company’s stock.

Putnam Mast Int Stock Up 0.8%

PIM stock traded up $0.03 during mid-day trading on Thursday, reaching $3.08. 104,688 shares of the stock traded hands, compared to its average volume of 74,936. The business has a 50-day moving average of $3.15 and a two-hundred day moving average of $3.19. Putnam Mast Int has a 52 week low of $2.98 and a 52 week high of $3.47.

Putnam Mast Int Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be issued a $0.022 dividend. The ex-dividend date of this dividend is Friday, November 20th. This represents a c) dividend on an annualized basis and a yield of 8.6%.

About Putnam Mast Int

Putnam Managed Municipal Income Trust is a closed-end investment company listed on the New York Stock Exchange under the symbol PIM. The fund is managed by Putnam Investment Management, an investment management firm affiliated with Putnam Investments.

The trust’s primary objective is to seek current income that is exempt from federal income tax. It generally invests in a diversified portfolio of municipal securities issued by states, municipalities, and other public entities in the United States.