Putnam Mun Oppo (NYSE:PMO) Sees Significant Decline in Short Interest

Putnam Mun Oppo (NYSE:PMO) saw a significant drop in short interest in 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 daily volume of 59,641 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Trading of Putnam Mun Oppo

A number of hedge funds and other institutional investors have recently made changes to their positions in PMO. Elyxium Wealth LLC acquired a new stake in shares of Putnam Mun Oppo in the 4th quarter valued at about $44,000. Fifth Third Bancorp increased its position in Putnam Mun Oppo by 269.4% during the first 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. Nomura Holdings Inc. purchased a new stake in Putnam Mun Oppo in the second quarter valued at approximately $99,000. MML Investors Services LLC purchased a new stake in Putnam Mun Oppo in the fourth quarter valued at approximately $107,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Putnam Mun Oppo in the third quarter valued at approximately $106,000. Institutional investors and hedge funds own 20.40% of the company’s stock.

Putnam Mun Oppo Stock Performance

Shares of Putnam Mun Oppo stock opened at $10.46 on Wednesday. The company has a fifty day simple moving average of $10.55 and a 200-day simple moving average of $10.50. Putnam Mun Oppo has a 12-month low of $9.72 and a 12-month high of $10.87.

Putnam Mun Oppo Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be paid a $0.052 dividend. This represents a c) annualized dividend and a yield of 6.0%. The ex-dividend date is Friday, November 20th.

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.