Putnam Mast Int (NYSE:PIM) Short Interest Down 56.4% in April

Putnam Mast Int (NYSE:PIM) was the recipient of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 103,451 shares, a drop of 56.4% from the April 15th total of 237,188 shares. Based on an average daily volume of 63,796 shares, the short-interest ratio is presently 1.6 days. Currently, 0.2% of the shares of the company are sold short.

Putnam Mast Int Trading Down 1.3%

Shares of Putnam Mast Int stock traded down $0.04 during trading on Friday, hitting $3.16. 417,903 shares of the company’s stock were exchanged, compared to its average volume of 61,547. Putnam Mast Int has a 52-week low of $3.09 and a 52-week high of $3.50. The business has a 50-day simple moving average of $3.23 and a 200-day simple moving average of $3.29.

Putnam Mast Int Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be paid a dividend of $0.022 per share. This represents a c) annualized dividend and a dividend yield of 8.4%. The ex-dividend date of this dividend is Monday, August 24th.

Institutional Investors Weigh In On Putnam Mast Int

Several hedge funds have recently modified their holdings of the company. Summit Financial LLC boosted its stake in shares of Putnam Mast Int by 206.4% during the 4th quarter. Summit Financial LLC now owns 592,051 shares of the company’s stock worth $1,977,000 after acquiring an additional 398,831 shares in the last quarter. PVG Asset Management Corp boosted its stake in shares of Putnam Mast Int by 1,151.3% during the 4th quarter. PVG Asset Management Corp now owns 482,759 shares of the company’s stock worth $1,612,000 after acquiring an additional 444,177 shares in the last quarter. Consolidated Portfolio Review Corp boosted its stake in shares of Putnam Mast Int by 1.1% during the 3rd quarter. Consolidated Portfolio Review Corp now owns 367,187 shares of the company’s stock worth $1,263,000 after acquiring an additional 3,990 shares in the last quarter. WealthTrust Axiom LLC boosted its stake 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 acquiring an additional 11,000 shares in the last quarter. Finally, Invictus Private Wealth LLC purchased a new stake in shares of Putnam Mast Int during the 3rd quarter worth about $264,000. 55.06% of the stock is owned by hedge funds and other institutional investors.

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.