Putnam Mast Int (NYSE:PIM) Short Interest Update

Putnam Mast Int (NYSE:PIM) was the recipient of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 34,052 shares, a drop of 49.8% from the May 14th total of 67,771 shares. Based on an average trading volume of 75,103 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the company’s shares are sold short.

Putnam Mast Int Price Performance

Shares of NYSE:PIM opened at $3.19 on Friday. The business’s 50-day moving average is $3.21 and its 200-day moving average is $3.26. Putnam Mast Int has a 1 year low of $3.07 and a 1 year high of $3.50.

Putnam Mast Int Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be paid a $0.022 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) annualized dividend and a yield of 8.3%.

Institutional Trading of Putnam Mast Int

Large investors have recently modified their holdings of the stock. PVG Asset Management Corp grew its holdings in Putnam Mast Int by 1,151.3% in the fourth quarter. PVG Asset Management Corp now owns 482,759 shares of the company’s stock worth $1,612,000 after purchasing an additional 444,177 shares during the period. Fifth Third Bancorp acquired a new position in shares of Putnam Mast Int during the first quarter valued at about $120,000. Northstar Financial Companies Inc. acquired a new position in shares of Putnam Mast Int during the first quarter valued at about $49,000. WealthTrust Axiom LLC boosted its position in shares of Putnam Mast Int by 11.3% during the 4th quarter. WealthTrust Axiom LLC now owns 108,000 shares of the company’s stock worth $361,000 after purchasing an additional 11,000 shares in the last quarter. Finally, Weaver Consulting Group boosted its position in shares of Putnam Mast Int by 20.0% during the 4th quarter. Weaver Consulting Group now owns 42,000 shares of the company’s stock worth $140,000 after purchasing an additional 7,000 shares in the last quarter. Institutional investors and hedge funds own 55.06% of the company’s stock.

About Putnam Mast Int

Putnam Master International (NYSE:PIM) is a closed-end management investment company that seeks long-term capital appreciation by investing primarily in equity securities of non-U.S. companies. The fund maintains a diversified portfolio spanning developed and emerging markets, with a focus on identifying businesses offering strong growth potential, attractive valuations and sound corporate governance. Shares of PIM trade on the NYSE, providing investors with a fixed capital structure and the opportunity to gain exposure to global equity markets through a single vehicle.

The fund’s investment team, managed by Putnam Retail Management LP, conducts bottom-up fundamental analysis to select holdings across multiple industries and geographies.