Putnam Premier Income Trust (NYSE:PPT) Short interest fell by -14.75% – Currently Trading Up


Traders are more bullish on shares of the company of late if you put credence in the decrease in short interest. The stock experienced a fall in short interest from August 15, 2017 to August 31, 2017 of -14.75%. Short shares fell from 201,393 to 171,692 over that timeframe.

The following firms have recently changed their position in PPT. Ubs Group Ag cut its holdings by shedding 5,878 shares a decrease of 1.8% in the quarter. Ubs Group Ag owns 317,143 shares with a value of $1,722,000. The total value of its holdings increased 1.2%. Arlington Capital Management, Inc. augmented its investment by buying 78,396 shares an increase of 121.5%. Arlington Capital Management, Inc. currently owns 142,909 shares valued at $776,000. The value of the position overall is up by 146.3%.

As of the end of the quarter Raymond James Financial Services Advisors, Inc. had acquired 48,801 shares growing its stake by 19.6%. The value of the company’s investment in Putnam Premier Income Trust went from $1,315,000 to $1,620,000 a change of 23.2% for the reporting period. Bartlett & Co. LLC reduced its position by shedding 28,200 shares a decrease of 16.6% from 03/31/2017 to 06/30/2017. Bartlett & Co. LLC now holds 141,974 shares worth $771,000. The total value of its holdings decreased 14.0%.

In the market the company is trading up from yesterday’s close of 5.36. Shares last traded at $5.37 a tad higher than $5.36, the stock’s 50 day moving average and which is just a bit higher than the 200 day moving average of $5.31. The 50 day moving average was up by +0.11% and the 200 day average went up by +1.06%.

Putnam Premier Income Trust (the Fund), launched on January 14, 1988, is a diversified closed-end management investment company. The Fund seeks high current income consistent with the preservation of capital by allocating its investments among the United States Government sector, high yield sector and international sector of the fixed-income securities market. The Fund’s portfolio includes the United States Government and agency mortgage obligations, mortgage-backed securities, corporate bonds and notes, foreign government and agency bonds and notes, senior loans, common stocks, purchased swap options outstanding, preferred stocks and preferred stocks..