Putnam Mun Oppo (NYSE:PMO) Short Interest Update

Putnam Mun Oppo (NYSE:PMO) was the recipient of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 28,235 shares, a drop of 45.3% from the July 15th total of 51,578 shares. Based on an average trading volume of 59,641 shares, the short-interest ratio is currently 0.5 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On Putnam Mun Oppo

A number of institutional investors and hedge funds have recently modified their holdings of PMO. Elyxium Wealth LLC purchased a new position in Putnam Mun Oppo during the fourth quarter valued at approximately $44,000. 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 valued at $97,000 after purchasing an additional 6,840 shares during the period. Nomura Holdings Inc. purchased a new position in shares of Putnam Mun Oppo during the 2nd quarter valued at $99,000. Citadel Advisors LLC purchased a new position in shares of Putnam Mun Oppo during the 3rd quarter valued at $106,000. Finally, MML Investors Services LLC purchased a new position in shares of Putnam Mun Oppo during the 4th quarter valued at $107,000. 20.40% of the stock is owned by hedge funds and other institutional investors.

Putnam Mun Oppo Stock Performance

Shares of NYSE:PMO traded down $0.04 during midday trading on Monday, reaching $10.55. 45,337 shares of the company traded hands, compared to its average volume of 65,540. Putnam Mun Oppo has a 12 month low of $9.72 and a 12 month high of $10.87. The firm’s fifty day moving average price is $10.55 and its two-hundred day moving average price is $10.50.

Putnam Mun Oppo Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be issued a dividend of $0.052 per share. This represents a c) dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend is Friday, November 20th.

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.