Putnam Mun Oppo (NYSE:PMO) Sees Significant Decrease in Short Interest

Putnam Mun Oppo (NYSE:PMO) saw a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 33,886 shares, a decline of 40.6% from the December 31st total of 57,024 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 72,215 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 72,215 shares, the short-interest ratio is currently 0.5 days. Currently, 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On Putnam Mun Oppo

A number of institutional investors have recently modified their holdings of PMO. Guggenheim Capital LLC boosted its stake in Putnam Mun Oppo by 26.1% during the 2nd quarter. Guggenheim Capital LLC now owns 604,966 shares of the financial services provider’s stock worth $5,983,000 after purchasing an additional 125,200 shares during the period. Pathstone Holdings LLC raised its holdings in shares of Putnam Mun Oppo by 6.4% in the third quarter. Pathstone Holdings LLC now owns 563,544 shares of the financial services provider’s stock valued at $5,821,000 after buying an additional 33,826 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Putnam Mun Oppo by 15.8% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 518,691 shares of the financial services provider’s stock worth $5,550,000 after buying an additional 70,735 shares during the period. Advisors Asset Management Inc. boosted its stake in shares of Putnam Mun Oppo by 36.9% during the third quarter. Advisors Asset Management Inc. now owns 420,550 shares of the financial services provider’s stock worth $4,344,000 after buying an additional 113,434 shares during the period. Finally, Karpus Management Inc. grew its holdings in shares of Putnam Mun Oppo by 133.0% during the second quarter. Karpus Management Inc. now owns 231,992 shares of the financial services provider’s stock worth $2,294,000 after buying an additional 132,444 shares during the last quarter. 20.40% of the stock is owned by institutional investors and hedge funds.

Putnam Mun Oppo Stock Up 0.1%

Shares of NYSE:PMO traded up $0.01 during trading on Friday, hitting $10.68. 42,549 shares of the company were exchanged, compared to its average volume of 82,923. Putnam Mun Oppo has a 12-month low of $9.34 and a 12-month high of $10.80. The firm’s 50 day moving average price is $10.52 and its 200-day moving average price is $10.27.

Putnam Mun Oppo Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be paid a $0.0393 dividend. The ex-dividend date is Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 4.4%.

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.