Putnam Premier Income Trust (NYSE:PPT) Sees Significant Decline in Short Interest

Putnam Premier Income Trust (NYSE:PPT) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 43,700 shares, a decline of 51.2% from the December 15th total of 89,500 shares. Based on an average daily trading volume, of 190,900 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Putnam Premier Income Trust

A number of hedge funds have recently added to or reduced their stakes in PPT. International Assets Investment Management LLC increased its holdings in shares of Putnam Premier Income Trust by 273.0% in the 3rd quarter. International Assets Investment Management LLC now owns 197,985 shares of the investment management company’s stock valued at $738,000 after acquiring an additional 144,906 shares during the period. Future Financial Wealth Managment LLC grew its stake in Putnam Premier Income Trust by 5.8% in the third quarter. Future Financial Wealth Managment LLC now owns 133,630 shares of the investment management company’s stock valued at $498,000 after purchasing an additional 7,382 shares during the last quarter. Pin Oak Investment Advisors Inc. raised its holdings in Putnam Premier Income Trust by 77.2% in the third quarter. Pin Oak Investment Advisors Inc. now owns 105,920 shares of the investment management company’s stock worth $395,000 after purchasing an additional 46,135 shares in the last quarter. Valley Brook Capital Group Inc. raised its holdings in Putnam Premier Income Trust by 9.2% in 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 in the last quarter. Finally, Creative Planning lifted its position in shares of Putnam Premier Income Trust by 8.3% during the second quarter. Creative Planning now owns 83,867 shares of the investment management company’s stock valued at $300,000 after buying an additional 6,400 shares during the last quarter. 42.79% of the stock is owned by hedge funds and other institutional investors.

Putnam Premier Income Trust Stock Performance

PPT opened at $3.55 on Tuesday. The stock’s fifty day moving average is $3.56 and its two-hundred day moving average is $3.62. Putnam Premier Income Trust has a 52 week low of $3.40 and a 52 week high of $3.74.

Putnam Premier Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 24th will be paid a dividend of $0.026 per share. The ex-dividend date is Friday, January 24th. This represents a $0.31 annualized dividend and a dividend yield of 8.79%.

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.