Short Interest in Putnam Premier Income Trust (NYSE:PPT) Increases By 467.9%

Putnam Premier Income Trust (NYSE:PPT) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 41,717 shares, an increase of 467.9% from the December 31st total of 7,346 shares. Based on an average trading volume of 224,183 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 224,183 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On Putnam Premier Income Trust

Large investors have recently modified their holdings of the stock. Invesco Ltd. raised its holdings in shares of Putnam Premier Income Trust by 24.2% during the third quarter. Invesco Ltd. now owns 1,179,068 shares of the investment management company’s stock valued at $4,351,000 after acquiring an additional 229,753 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Putnam Premier Income Trust by 2.9% during the second quarter. Janney Montgomery Scott LLC now owns 677,347 shares of the investment management company’s stock valued at $2,486,000 after buying an additional 19,161 shares during the last quarter. Riverbridge Partners LLC increased its holdings in Putnam Premier Income Trust by 157.6% in the 4th quarter. Riverbridge Partners LLC now owns 609,426 shares of the investment management company’s stock valued at $2,157,000 after buying an additional 372,890 shares during the period. Osaic Holdings Inc. grew its position in Putnam Premier Income Trust by 16.6% in the second quarter. Osaic Holdings Inc. now owns 250,042 shares of the investment management company’s stock valued at $918,000 after acquiring an additional 35,615 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of Putnam Premier Income Trust by 3.0% in the second quarter. Bank of America Corp DE now owns 194,999 shares of the investment management company’s stock valued at $716,000 after buying an additional 5,756 shares in the last quarter. 42.79% of the stock is owned by institutional investors.

Putnam Premier Income Trust Price Performance

NYSE PPT opened at $3.62 on Wednesday. The company’s fifty day simple moving average is $3.58 and its 200-day simple moving average is $3.64. Putnam Premier Income Trust has a 52 week low of $3.40 and a 52 week high of $3.77.

Putnam Premier Income Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be given a dividend of $0.026 per share. The ex-dividend date is Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 8.6%.

About Putnam Premier Income Trust

Putnam Premier Income Trust (NYSE:PPT) is a diversified closed-end management investment company that seeks to provide current income with a secondary objective of capital appreciation. The trust pursues income through a portfolio of domestic and international fixed-income and equity securities, including high-yield corporate bonds, investment-grade debt, preferred securities and dividend-paying stocks. Its investment strategy emphasizes diversification across credit quality, sector and geography to balance income generation with risk management.

The fund employs leverage, including borrowing and preferred shares, to enhance its income potential within regulatory limits.