Putnam Mast Int (NYSE:PIM) Short Interest Update

Putnam Mast Int (NYSE:PIM) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 76,730 shares, a drop of 37.6% from the June 30th total of 123,012 shares. Based on an average daily volume of 39,378 shares, the days-to-cover ratio is presently 1.9 days. Currently, 0.2% of the shares of the stock are sold short.

Putnam Mast Int Trading Up 0.8%

Shares of PIM traded up $0.03 during midday trading on Friday, hitting $3.12. 45,406 shares of the company traded hands, compared to its average volume of 79,670. The stock has a 50-day moving average of $3.17 and a 200-day moving average of $3.23. Putnam Mast Int has a one year low of $3.07 and a one year high of $3.50.

Putnam Mast Int Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be paid a dividend of $0.022 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) annualized dividend and a yield of 8.5%.

Institutional Trading of Putnam Mast Int

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. PVG Asset Management Corp boosted its holdings in Putnam Mast Int by 1,151.3% in the 4th quarter. PVG Asset Management Corp now owns 482,759 shares of the company’s stock valued at $1,612,000 after purchasing an additional 444,177 shares during the period. Eclectic Associates Inc. ADV purchased a new position in shares of Putnam Mast Int during the 4th quarter valued at $179,000. M3 Wealth Management LLC bought a new position in shares of Putnam Mast Int in the fourth quarter worth $68,000. Integrity Advisory Solutions LLC bought a new position in shares of Putnam Mast Int in the fourth quarter worth $73,000. Finally, Weaver Consulting Group raised its position in shares of Putnam Mast Int by 20.0% in the fourth quarter. Weaver Consulting Group now owns 42,000 shares of the company’s stock worth $140,000 after buying an additional 7,000 shares in the last quarter. Institutional investors own 55.06% of the company’s stock.

Putnam Mast Int Company Profile

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.