Update on Putnam Master Intermediate Income Trust (NYSE:PIM) Short Interest

Putnam Master Intermediate Income Trust (NYSE:PIM) experienced a notable rise in short interest in December. As of December 31st, the short interest reached 172,100 shares, marking a significant increase of 22.9% from the 140,000 shares recorded on December 15th. The short-interest ratio, computed based on the average daily trading volume of 69,300 shares, currently stands at 2.5 days.

Institutional Investors Activity

Recent activity among institutional investors indicates shifts in their positions regarding Putnam Master Intermediate Income Trust. For instance, Consolidated Portfolio Review Corp increased its investment in the Trust by 5.8% during the third quarter, resulting in ownership of 266,762 shares now valued at approximately $904,000 after acquiring 14,721 additional shares. Transform Wealth LLC entered a new investment in the fourth quarter valued at around $555,000.

Furthermore, Melfa Wealth Management Inc. elevated its stake in the Trust by 10.1% during the fourth quarter, bringing its total holdings to 81,613 shares valued at $266,000 after adding 7,500 shares during this period. Additionally, Stifel Financial Corp saw a substantial increase of 317.7% in its holdings in the third quarter, resulting in ownership of 43,122 shares valued at $146,000 after acquiring 32,798 additional shares. Overall, hedge funds and other institutional investors currently hold 55.06% of the company's stock.

Stock Performance of Putnam Master Intermediate Income Trust

As of midday trading on Friday, shares of NYSE:PIM remained steady at $3.28, with a total exchange of 34,988 shares compared to an average volume of 54,054 shares. The Trust's stock has seen a 52-week low of $3.04 and a high of $3.45. The company maintains a 50-day simple moving average of $3.27 and a 200-day simple moving average of $3.31.

Dividend Announcement

The Trust recently announced a monthly dividend payment scheduled for Monday, February 3rd. Shareholders on record as of Friday, January 24th, will receive a dividend of $0.022 per share. The ex-dividend date is also set for January 24th. This translates to an annualized dividend of $0.26 and an attractive dividend yield of 8.05%.

About Putnam Master Intermediate Income Trust

Putnam Master Intermediate Income Trust is a closed-end fixed-income mutual fund, managed by Putnam Investment Management, LLC, alongside Putnam Investments Limited. The fund focuses on investments in the United States fixed income market, particularly in bonds across various sectors.

Final Thoughts

Investors looking at Putnam Master Intermediate Income Trust should consider recent trends and institutional activities as they align with investment strategies. Keeping abreast of market changes and potential opportunities can aid in making informed decisions.

Investing, Stocks, Dividends