Putnam Premier Income Trust (NYSE:PPT) Short Interest Update

Putnam Premier Income Trust (NYSE:PPT) was the recipient of a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 15,900 shares, a drop of 55.5% from the October 31st total of 35,700 shares. Based on an average daily volume of 153,200 shares, the short-interest ratio is presently 0.1 days.

Putnam Premier Income Trust Stock Down 0.4 %

Shares of Putnam Premier Income Trust stock traded down $0.01 during trading on Thursday, reaching $3.52. The company’s stock had a trading volume of 186,041 shares, compared to its average volume of 149,486. The business has a 50 day moving average price of $3.63 and a 200-day moving average price of $3.60. Putnam Premier Income Trust has a 12-month low of $3.39 and a 12-month high of $3.74.

Putnam Premier Income Trust Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 22nd will be given a dividend of $0.026 per share. The ex-dividend date is Friday, November 22nd. This represents a $0.31 annualized dividend and a dividend yield of 8.88%.

Hedge Funds Weigh In On Putnam Premier Income Trust

A number of institutional investors and hedge funds have recently made changes to their positions in PPT. Stifel Financial Corp boosted its holdings in Putnam Premier Income Trust by 12.3% during the third quarter. Stifel Financial Corp now owns 45,431 shares of the investment management company’s stock worth $169,000 after buying an additional 4,978 shares in the last quarter. Creative Planning grew its holdings in shares of Putnam Premier Income Trust by 8.3% in the 2nd quarter. Creative Planning now owns 83,867 shares of the investment management company’s stock worth $300,000 after acquiring an additional 6,400 shares during the period. Future Financial Wealth Managment LLC grew its holdings in shares of Putnam Premier Income Trust by 5.8% in the 3rd quarter. Future Financial Wealth Managment LLC now owns 133,630 shares of the investment management company’s stock worth $498,000 after acquiring an additional 7,382 shares during the period. Luken Investment Analytics LLC purchased a new position in Putnam Premier Income Trust in the 2nd quarter valued at approximately $29,000. Finally, Valley Brook Capital Group Inc. raised its holdings in Putnam Premier Income Trust by 9.2% during the third quarter. Valley Brook Capital Group Inc. now owns 95,984 shares of the investment management company’s stock worth $358,000 after purchasing an additional 8,109 shares during the last quarter. 42.79% of the stock is owned by institutional investors and hedge funds.

Putnam Premier Income Trust Company Profile

Putnam Premier 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 public fixed income markets across the globe. The fund primarily invests in U.S. high-grade and high-yield bonds with an average credit quality of BBB by S&P Corporation.