Putnam Municipal Opportunities Trust (NYSE:PMO) Sees Large Decrease in Short Interest

Putnam Municipal Opportunities Trust (NYSE:PMO) was the target of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 9,100 shares, a decrease of 84.6% from the March 15th total of 59,200 shares. Based on an average trading volume of 85,200 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Putnam Municipal Opportunities Trust Price Performance

Putnam Municipal Opportunities Trust stock remained flat at $9.71 during mid-day trading on Wednesday. The company had a trading volume of 106,914 shares, compared to its average volume of 94,575. Putnam Municipal Opportunities Trust has a fifty-two week low of $9.34 and a fifty-two week high of $10.96. The firm’s 50 day moving average is $10.29 and its 200-day moving average is $10.40.

Putnam Municipal Opportunities Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 17th will be issued a $0.035 dividend. The ex-dividend date is Thursday, April 17th. This represents a $0.42 annualized dividend and a yield of 4.33%.

Institutional Trading of Putnam Municipal Opportunities Trust

Several institutional investors and hedge funds have recently made changes to their positions in PMO. Integrated Wealth Concepts LLC acquired a new stake in shares of Putnam Municipal Opportunities Trust during the third quarter worth $119,000. Citadel Advisors LLC grew its position in shares of Putnam Municipal Opportunities Trust by 9.5% during the 4th quarter. Citadel Advisors LLC now owns 12,176 shares of the financial services provider’s stock worth $123,000 after buying an additional 1,059 shares during the period. Noble Wealth Management PBC acquired a new position in shares of Putnam Municipal Opportunities Trust during the 4th quarter worth about $140,000. Avior Wealth Management LLC raised its position in shares of Putnam Municipal Opportunities Trust by 28.7% in the 4th quarter. Avior Wealth Management LLC now owns 15,358 shares of the financial services provider’s stock valued at $156,000 after acquiring an additional 3,426 shares during the period. Finally, Integrated Capital Management Inc. boosted its stake in Putnam Municipal Opportunities Trust by 10.5% during the 4th quarter. Integrated Capital Management Inc. now owns 20,325 shares of the financial services provider’s stock worth $206,000 after acquiring an additional 1,932 shares during the last quarter. Institutional investors own 20.40% of the company’s stock.

About Putnam Municipal Opportunities Trust

Putnam Municipal Opportunities Trust is a closed ended fixed income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in fixed income markets of United States. The fund invests in companies operating across healthcare, utilities, transportation, water and sewer, and housing sectors.