Putnam Master Intermediate Income Trust (NYSE:PIM – Get Free Report) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 143,000 shares, a growth of 57.3% from the March 31st total of 90,900 shares. Based on an average trading volume of 55,400 shares, the short-interest ratio is currently 2.6 days.
Putnam Master Intermediate Income Trust Price Performance
PIM stock traded up $0.02 during trading on Friday, hitting $3.10. 61,163 shares of the company’s stock were exchanged, compared to its average volume of 45,022. The business has a 50-day moving average price of $3.16 and a two-hundred day moving average price of $3.14. Putnam Master Intermediate Income Trust has a 52-week low of $2.90 and a 52-week high of $3.28.
Putnam Master Intermediate Income Trust Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 24th will be given a dividend of $0.022 per share. The ex-dividend date is Thursday, May 23rd. This represents a $0.26 annualized dividend and a dividend yield of 8.52%.
Institutional Inflows and Outflows
About Putnam Master Intermediate Income Trust
Putnam Master Intermediate Income Trust is a closed ended fixed income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in the fixed income markets of the United States. The fund invests in bonds of companies operating across diversified sectors.
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