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Short interest surged in Putnam's income trusts, PIM and PPT, despite PIM's stock price increase.
Short interest in Putnam Master Intermediate Income Trust (PIM) surged 71.4% in March to 110,700 shares, with a days-to-cover ratio of 2.4 days.
PIM's stock price rose to $3.31, offering a 7.99% dividend yield.
Meanwhile, Putnam Premier Income Trust (PPT) saw short interest jump 101.5% to 53,600 shares, with a 0.3 days-to-cover ratio.
Both funds are managed by Putnam Investment Management, LLC.
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El interés corto aumentó en los fideicomisos de ingresos de Putnam, PIM y PPT, a pesar del aumento del precio de las acciones de PIM.