Short Interest in Putnam Mun Oppo (NYSE:PMO) Drops By 53.5%

Putnam Mun Oppo (NYSE:PMO) was the target of a large decrease in short interest in February. As of February 13th, there was short interest totaling 11,812 shares, a decrease of 53.5% from the January 29th total of 25,392 shares. Based on an average daily trading volume, of 75,653 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 75,653 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Putnam Mun Oppo

Hedge funds and other institutional investors have recently made changes to their positions in the company. Successful Portfolios LLC lifted its stake in shares of Putnam Mun Oppo by 8.0% in the third quarter. Successful Portfolios LLC now owns 13,428 shares of the financial services provider’s stock worth $139,000 after buying an additional 1,000 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of Putnam Mun Oppo by 9.0% during the 4th quarter. Jane Street Group LLC now owns 12,965 shares of the financial services provider’s stock worth $139,000 after acquiring an additional 1,071 shares during the period. Moors & Cabot Inc. boosted its position in shares of Putnam Mun Oppo by 13.3% during the 4th quarter. Moors & Cabot Inc. now owns 13,838 shares of the financial services provider’s stock valued at $148,000 after acquiring an additional 1,620 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Putnam Mun Oppo by 1.2% in the third quarter. Bank of America Corp DE now owns 154,223 shares of the financial services provider’s stock valued at $1,593,000 after purchasing an additional 1,874 shares during the period. Finally, Riverbridge Partners LLC increased its position in Putnam Mun Oppo by 2.8% during the third quarter. Riverbridge Partners LLC now owns 77,040 shares of the financial services provider’s stock worth $796,000 after purchasing an additional 2,074 shares during the last quarter. Institutional investors and hedge funds own 20.40% of the company’s stock.

Putnam Mun Oppo Stock Up 0.3%

Shares of Putnam Mun Oppo stock traded up $0.03 during trading on Friday, reaching $10.80. The company’s stock had a trading volume of 28,320 shares, compared to its average volume of 72,085. The company has a 50-day simple moving average of $10.62 and a two-hundred day simple moving average of $10.38. Putnam Mun Oppo has a 1-year low of $9.34 and a 1-year high of $10.84.

Putnam Mun Oppo Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be paid a $0.0393 dividend. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Thursday, May 21st.

About Putnam Mun Oppo

Putnam Municipal Opportunities Trust (NYSE: PMO) is a diversified closed-end management investment company that seeks to provide current income exempt from federal income tax with a secondary objective of capital preservation. Established in 1982 and advised by Putnam Investment Management, the Trust invests primarily in municipal securities issued by U.S. states, municipalities and their instrumentalities. Its strategy combines high-quality bonds with selectively chosen sectors in the municipal market to generate tax-advantaged income for shareholders.

The Trust’s portfolio generally comprises general obligation bonds, revenue bonds and insured municipal securities, as well as unrated issues judged by its adviser to possess equivalent credit quality.