Putnam Municipal Opportunities Trust (NYSE:PMO) Short Interest Down 21.2% in August

Putnam Municipal Opportunities Trust (NYSE:PMO) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 2,600 shares, a drop of 21.2% from the August 15th total of 3,300 shares. Based on an average daily trading volume, of 95,000 shares, the days-to-cover ratio is currently 0.0 days.

Putnam Municipal Opportunities Trust Price Performance

Shares of Putnam Municipal Opportunities Trust stock traded up $0.09 during trading hours on Friday, reaching $10.76. The company had a trading volume of 157,832 shares, compared to its average volume of 91,511. Putnam Municipal Opportunities Trust has a one year low of $8.57 and a one year high of $10.76. The business has a fifty day simple moving average of $10.44 and a 200 day simple moving average of $10.19.

Putnam Municipal Opportunities Trust Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th will be issued a $0.035 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend is Tuesday, September 24th.

Hedge Funds Weigh In On Putnam Municipal Opportunities Trust

A number of large investors have recently made changes to their positions in PMO. Rothschild Investment LLC bought a new stake in Putnam Municipal Opportunities Trust during the second quarter valued at $2,000,000. Park Avenue Securities LLC bought a new stake in Putnam Municipal Opportunities Trust during the first quarter valued at $1,177,000. Van ECK Associates Corp boosted its stake in Putnam Municipal Opportunities Trust by 13.9% during the second quarter. Van ECK Associates Corp now owns 231,553 shares of the financial services provider’s stock valued at $2,376,000 after buying an additional 28,181 shares during the period. Cetera Advisors LLC bought a new stake in Putnam Municipal Opportunities Trust during the first quarter worth about $155,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in Putnam Municipal Opportunities Trust during the second quarter worth about $422,000. 20.40% of the stock is owned by institutional investors.

About Putnam Municipal Opportunities Trust

Putnam Municipal Opportunities 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 fixed income markets of United States. The fund invests in companies operating across healthcare, utilities, transportation, water and sewer, and housing sectors.