Putnam Mun Oppo (NYSE:PMO) Short Interest Update

Putnam Mun Oppo (NYSE:PMO) was the target of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 11,723 shares, a decline of 62.0% from the April 15th total of 30,831 shares. Based on an average daily volume of 75,021 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Investors Weigh In On Putnam Mun Oppo

A number of hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp purchased a new position in shares of Putnam Mun Oppo during the 1st quarter valued at $500,000. Fifth Third Bancorp boosted its holdings in Putnam Mun Oppo by 269.4% in the 1st quarter. Fifth Third Bancorp now owns 9,379 shares of the financial services provider’s stock worth $97,000 after buying an additional 6,840 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc. bought a new position in Putnam Mun Oppo in the 1st quarter worth $126,000. Worthington Financial Partners LLC bought a new position in Putnam Mun Oppo in the 4th quarter worth $1,627,000. Finally, Invesco Ltd. boosted its holdings in Putnam Mun Oppo by 53.1% in the 4th quarter. Invesco Ltd. now owns 159,253 shares of the financial services provider’s stock worth $1,704,000 after buying an additional 55,226 shares during the period. Institutional investors own 20.40% of the company’s stock.

Putnam Mun Oppo Trading Down 0.7%

NYSE:PMO traded down $0.07 during trading hours on Friday, reaching $10.41. The company had a trading volume of 97,532 shares, compared to its average volume of 74,663. Putnam Mun Oppo has a 52 week low of $9.70 and a 52 week high of $10.87. The firm’s 50 day moving average price is $10.40 and its 200-day moving average price is $10.49.

Putnam Mun Oppo Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be given a $0.033 dividend. This represents a c) dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Monday, August 24th.

Putnam Mun Oppo Company Profile

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.