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

Putnam Master Intermediate Income Trust (NYSE:PIM) experienced a significant rise in short interest throughout December. By December 31st, the total short interest reached 172,100 shares, marking an increase of 22.9% compared to the 140,000 shares reported on December 15th. Given the average daily trading volume of 69,300 shares, this results in a short-interest ratio of approximately 2.5 days.

Institutional Inflows and Outflows

Several institutional investors have recently adjusted their holdings in Putnam Master Intermediate Income Trust. For instance, Consolidated Portfolio Review Corp increased its ownership by 5.8% in the third quarter, bringing its total to 266,762 shares valued at $904,000, after acquiring an additional 14,721 shares. Meanwhile, Transform Wealth LLC initiated a new stake in the fourth quarter, investing around $555,000. Additionally, Melfa Wealth Management Inc. raised its position in the fund by 10.1% in the fourth quarter, now holding 81,613 shares worth $266,000 after acquiring 7,500 more shares. Notably, Stifel Financial Corp significantly increased its ownership by 317.7% in the third quarter, now controlling 43,122 shares valued at $146,000, having added 32,798 shares to its holdings. Overall, institutional investors hold approximately 55.06% of the company's stock.

Putnam Master Intermediate Income Trust Stock Performance

During midday trading on Friday, shares of NYSE:PIM remained stable at $3.28. A total of 34,988 shares exchanged hands, which is lower than the average volume of 54,054 shares. The stock has seen a low of $3.04 and a high of $3.45 over the past year, with a 50-day simple moving average of $3.27 and a 200-day simple moving average of $3.31.

Putnam Master Intermediate Income Trust Dividend Announcement

Recently, Putnam Master Intermediate Income Trust declared a monthly dividend, set to be distributed on Monday, February 3rd. Shareholders who are on record by Friday, January 24th, will receive a dividend payment of $0.022 per share. The ex-dividend date is also listed as January 24th. This dividend signifies an annual total of $0.26, translating to a yield of 8.05%.

About Putnam Master Intermediate Income Trust

Putnam Master Intermediate Income Trust is classified as a closed-end fixed income mutual fund, launched and managed by Putnam Investment Management, LLC, with co-management from Putnam Investments Limited. The fund primarily focuses on investments within the fixed income markets in the United States, specifically targeting bonds from companies across various sectors.

Should You Invest $1,000 in Putnam Master Intermediate Income Trust Right Now?

As investors consider their options, it's important to note that while Putnam Master Intermediate Income Trust currently holds a "Hold" rating among analysts, there are five other stocks that top analysts suggest investing in instead, which are believed to have better potential returns.

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