Putnam Premier Income Trust (NYSE:PPT) Stock Short Interest Report for October

Putnam Premier Income Trust (NYSE:PPT) saw a significant increase in short interest in October. As of October 15th, there was short interest totaling 181,713 shares, an increase of 101.1% from the September 30th total of 90,346 shares. Based on an average daily trading volume, of 133,381 shares, the short-interest ratio is presently 1.4 days. Currently, 0.2% of the company’s stock are short sold.

Putnam Premier Income Trust Trading Down 0.2%

Shares of PPT stock traded down $0.01 during mid-day trading on Friday, reaching $3.29. The company’s stock had a trading volume of 95,526 shares, compared to its average volume of 118,409. The firm’s 50-day moving average is $3.32 and its two-hundred day moving average is $3.46. Putnam Premier Income Trust has a 1-year low of $3.21 and a 1-year high of $3.67.

Putnam Premier Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be paid a $0.0260 dividend. The ex-dividend date of this dividend is Friday, November 20th. This represents a $0.31 dividend on an annualized basis and a yield of 9.5%.

Institutional Trading of Putnam Premier Income Trust

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Pin Oak Investment Advisors Inc. acquired a new stake in Putnam Premier Income Trust during the second quarter worth approximately $567,000. Fortitude Advisory Group L.L.C. boosted its position in Putnam Premier Income Trust by 72.5% during the 3rd quarter. Fortitude Advisory Group L.L.C. now owns 30,854 shares of the investment management company’s stock worth $101,000 after buying an additional 12,968 shares during the period. Sanders Morris Harris LLC bought a new position in Putnam Premier Income Trust during the 3rd quarter worth $50,000. Gilpin Wealth Management LLC raised its holdings in Putnam Premier Income Trust by 15.8% during the 3rd quarter. Gilpin Wealth Management LLC now owns 142,762 shares of the investment management company’s stock worth $468,000 after purchasing an additional 19,531 shares during the last quarter. Finally, Mirador Capital Partners LP boosted its position in shares of Putnam Premier Income Trust by 2.7% during the 3rd quarter. Mirador Capital Partners LP now owns 127,004 shares of the investment management company’s stock valued at $417,000 after purchasing an additional 3,381 shares in the last quarter. 42.79% of the stock is owned by institutional investors.

About Putnam Premier Income Trust

Putnam Premier Income Trust (NYSE: PPT) is a closed-end investment fund managed by Putnam Investment Management, LLC. The fund’s primary objective is to provide a high level of current income, with capital appreciation as a secondary objective.

The trust invests primarily in income-producing fixed-income securities. Its portfolio may include corporate bonds, government and agency debt, mortgage- and asset-backed securities, high-yield bonds and obligations issued by companies and governments in the United States and other countries.