Putnam Mun Oppo (NYSE:PMO) Short Interest Up 26.1% in April

Putnam Mun Oppo (NYSE:PMO) saw a large growth in short interest in April. As of April 15th, there was short interest totaling 30,831 shares, a growth of 26.1% from the March 31st total of 24,446 shares. Based on an average daily volume of 55,998 shares, the short-interest ratio is currently 0.6 days. Approximately 0.1% of the company’s stock are short sold.

Putnam Mun Oppo Stock Performance

Shares of NYSE PMO traded down $0.02 during mid-day trading on Friday, reaching $10.35. 100,835 shares of the company traded hands, compared to its average volume of 61,813. The company’s fifty day moving average is $10.46 and its two-hundred day moving average is $10.49. Putnam Mun Oppo has a fifty-two week low of $9.70 and a fifty-two week high of $10.87.

Putnam Mun Oppo Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be issued a dividend of $0.0393 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Guggenheim Capital LLC increased its holdings in shares of Putnam Mun Oppo by 9.2% during the 4th quarter. Guggenheim Capital LLC now owns 663,914 shares of the financial services provider’s stock valued at $7,104,000 after acquiring an additional 56,158 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Putnam Mun Oppo by 42.3% during the 4th quarter. Advisors Asset Management Inc. now owns 598,344 shares of the financial services provider’s stock valued at $6,402,000 after acquiring an additional 177,794 shares during the last quarter. Pathstone Holdings LLC increased its holdings in shares of Putnam Mun Oppo by 6.4% during the 3rd quarter. Pathstone Holdings LLC now owns 563,544 shares of the financial services provider’s stock valued at $5,821,000 after acquiring an additional 33,826 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Putnam Mun Oppo by 15.8% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 518,691 shares of the financial services provider’s stock valued at $5,550,000 after acquiring an additional 70,735 shares during the last quarter. Finally, Rivernorth Capital Management LLC increased its holdings in shares of Putnam Mun Oppo by 72.8% during the 4th quarter. Rivernorth Capital Management LLC now owns 427,625 shares of the financial services provider’s stock valued at $4,576,000 after acquiring an additional 180,105 shares during the last quarter. Institutional investors and hedge funds own 20.40% of the company’s stock.

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.