Putnam Municipal Opportunities Trust (NYSE:PMO) Short Interest Update

Putnam Municipal Opportunities Trust (NYSE:PMO) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 42,200 shares, an increase of 177.6% from the September 30th total of 15,200 shares. Based on an average daily volume of 91,000 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On Putnam Municipal Opportunities Trust

Several large investors have recently modified their holdings of PMO. Rothschild Investment LLC bought a new stake in shares of Putnam Municipal Opportunities Trust in the 2nd quarter valued at approximately $2,000,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Putnam Municipal Opportunities Trust in the 2nd quarter valued at approximately $422,000. Cyndeo Wealth Partners LLC acquired a new position in shares of Putnam Municipal Opportunities Trust in the 3rd quarter worth approximately $357,000. Robinson Capital Management LLC boosted its holdings in shares of Putnam Municipal Opportunities Trust by 3.6% in the 1st quarter. Robinson Capital Management LLC now owns 935,354 shares of the financial services provider’s stock worth $9,148,000 after acquiring an additional 32,407 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in shares of Putnam Municipal Opportunities Trust by 13.9% in the 2nd quarter. Van ECK Associates Corp now owns 231,553 shares of the financial services provider’s stock worth $2,376,000 after acquiring an additional 28,181 shares in the last quarter. 20.40% of the stock is currently owned by institutional investors.

Putnam Municipal Opportunities Trust Trading Up 0.1 %

PMO stock opened at $10.42 on Friday. Putnam Municipal Opportunities Trust has a 1-year low of $8.61 and a 1-year high of $10.96. The business’s 50 day moving average is $10.65 and its 200-day moving average is $10.31.

Putnam Municipal Opportunities Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 24th will be paid a $0.035 dividend. The ex-dividend date of this dividend is Thursday, October 24th. This represents a $0.42 annualized dividend and a dividend yield of 4.03%.

Putnam Municipal Opportunities Trust Company Profile

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.