Is Putnam Premier Income Trust (NYSE:PPT) a Buy? The Stock Reported more Sellers

August 9, 2018 - By Billy Entrekin

Investors sentiment decreased to 1.2 in Q1 2018. Its down 0.32, from 1.52 in 2017Q4. It turned negative, as 10 investors sold Putnam Premier Income Trust shares while 20 reduced holdings. 16 funds opened positions while 20 raised stakes. 18.77 million shares or 21.26% more from 15.48 million shares in 2017Q4 were reported.
Sit Assoc holds 5.43 million shares or 0.7% of its portfolio. 2.64 million were reported by Morgan Stanley. 48,874 are held by Hightower Advsr Lc. Salem Inv Counselors accumulated 0% or 4,813 shares. Gilman Hill Asset Mgmt Ltd Llc reported 25,750 shares stake. 34,403 are owned by Horizon Kinetics Limited Com. Optimum Advisors reported 6,000 shares or 0.01% of all its holdings. Us Comml Bank De reported 3,500 shares. Cap Advisors Limited reported 68,910 shares stake. Cambridge Invest Rech Advsr owns 38,889 shares. Eaton Vance Management accumulated 0.03% or 2.08 million shares. Wg Shaheen Associates Dba Whitney holds 0.03% or 17,225 shares. Invsts Asset Management Of Georgia Ga Adv holds 65,788 shares or 0.25% of its portfolio. Delta Asset Mngmt Ltd Liability Company Tn stated it has 0% in Putnam Premier Income Trust (NYSE:PPT). First Allied Advisory Svcs reported 0.01% in Putnam Premier Income Trust (NYSE:PPT).

The stock of Putnam Premier Income Trust (NYSE:PPT) registered an increase of 16.2% in short interest. PPT’s total short interest was 62,400 shares in August as published by FINRA. Its up 16.2% from 53,700 shares, reported previously. With 210,100 shares average volume, it will take short sellers 0 days to cover their PPT’s short positions.

The stock decreased 0.19% or $0.01 during the last trading session, reaching $5.29. About 62,043 shares traded. Putnam Premier Income Trust (NYSE:PPT) has risen 3.66% since August 9, 2017 and is uptrending. It has underperformed by 8.91% the S&P500.

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