Short Interest in Putnam Mun Oppo (NYSE:PMO) Increases By 48.1%

Putnam Mun Oppo (NYSE:PMO) was the recipient of a large increase in short interest in February. As of February 27th, there was short interest totaling 17,492 shares, an increase of 48.1% from the February 12th total of 11,812 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 44,742 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 44,742 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Rivernorth Capital Management LLC boosted its stake in shares of Putnam Mun Oppo by 72.8% in the 4th quarter. Rivernorth Capital Management LLC now owns 427,625 shares of the financial services provider’s stock valued at $4,576,000 after purchasing an additional 180,105 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Putnam Mun Oppo by 42.3% during the 4th quarter. Advisors Asset Management Inc. now owns 598,344 shares of the financial services provider’s stock valued at $6,402,000 after purchasing an additional 177,794 shares during the last quarter. Worthington Financial Partners LLC acquired a new position in Putnam Mun Oppo during the 4th quarter worth approximately $1,627,000. Karpus Management Inc. increased its position in Putnam Mun Oppo by 133.0% during the 2nd quarter. Karpus Management Inc. now owns 231,992 shares of the financial services provider’s stock worth $2,294,000 after purchasing an additional 132,444 shares in the last quarter. Finally, Guggenheim Capital LLC lifted its stake in Putnam Mun Oppo by 26.1% in the 2nd quarter. Guggenheim Capital LLC now owns 604,966 shares of the financial services provider’s stock valued at $5,983,000 after purchasing an additional 125,200 shares during the last quarter. Institutional investors and hedge funds own 20.40% of the company’s stock.

Putnam Mun Oppo Trading Up 0.1%

Shares of PMO opened at $10.53 on Friday. Putnam Mun Oppo has a 52-week low of $9.34 and a 52-week high of $10.87. The business’s fifty day moving average is $10.65 and its 200-day moving average is $10.45.

Putnam Mun Oppo Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be given a $0.0393 dividend. This represents a c) dividend on an annualized basis and a yield of 4.5%. 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.