Short Interest in Putnam Premier Income Trust (NYSE:PPT) Decreases By 84.9%

Putnam Premier Income Trust (NYSE:PPT) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 7,346 shares, a decline of 84.9% from the December 15th total of 48,611 shares. Based on an average daily volume of 304,793 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are sold short. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 304,793 shares, the short-interest ratio is presently 0.0 days.

Putnam Premier Income Trust Price Performance

Shares of PPT stock traded down $0.05 during trading hours on Monday, hitting $3.61. 182,056 shares of the company’s stock traded hands, compared to its average volume of 249,800. The stock’s fifty day simple moving average is $3.58 and its two-hundred day simple moving average is $3.64. Putnam Premier Income Trust has a 12-month low of $3.40 and a 12-month high of $3.77.

Putnam Premier Income Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be issued a $0.026 dividend. This represents a c) dividend on an annualized basis and a yield of 8.7%. The ex-dividend date is Friday, February 20th.

Institutional Trading of Putnam Premier Income Trust

A number of institutional investors and hedge funds have recently modified their holdings of the business. Integrity Advisory Solutions LLC purchased a new stake in shares of Putnam Premier Income Trust during the third quarter valued at $44,000. First National Trust Co purchased a new stake in shares of Putnam Premier Income Trust during the 3rd quarter valued at about $48,000. Thrivent Financial for Lutherans purchased a new stake in shares of Putnam Premier Income Trust during the 3rd quarter valued at about $57,000. IFP Advisors Inc lifted its stake in shares of Putnam Premier Income Trust by 68.6% in the 2nd quarter. IFP Advisors Inc now owns 19,980 shares of the investment management company’s stock worth $73,000 after purchasing an additional 8,130 shares during the period. Finally, Baird Financial Group Inc. purchased a new position in shares of Putnam Premier Income Trust in the first quarter worth approximately $80,000. Institutional investors own 42.79% of the company’s stock.

Putnam Premier Income Trust Company Profile

Putnam Premier Income Trust (NYSE:PPT) is a diversified closed-end management investment company that seeks to provide current income with a secondary objective of capital appreciation. The trust pursues income through a portfolio of domestic and international fixed-income and equity securities, including high-yield corporate bonds, investment-grade debt, preferred securities and dividend-paying stocks. Its investment strategy emphasizes diversification across credit quality, sector and geography to balance income generation with risk management.

The fund employs leverage, including borrowing and preferred shares, to enhance its income potential within regulatory limits.