Putnam Mun Oppo (NYSE:PMO) Short Interest Update

Putnam Mun Oppo (NYSE:PMO) was the target of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 13,680 shares, a decrease of 36.9% from the August 31st total of 21,694 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 55,271 shares, the short-interest ratio is presently 0.2 days.

Putnam Mun Oppo Trading Up 0.8%

NYSE:PMO opened at $9.21 on Friday. Putnam Mun Oppo has a 1 year low of $8.87 and a 1 year high of $10.87. The firm’s fifty day simple moving average is $10.00 and its 200 day simple moving average is $10.31.

Putnam Mun Oppo Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be issued a dividend of $0.0520 per share. This represents a $0.62 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date is Friday, November 20th.

Hedge Funds Weigh In On Putnam Mun Oppo

A number of institutional investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC acquired a new stake in Putnam Mun Oppo in the 2nd quarter valued at approximately $76,000. Fifth Third Bancorp increased its position 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 worth $97,000 after buying an additional 6,840 shares during the period. Oakmont Investment Advisors Inc. acquired a new position in shares of Putnam Mun Oppo during the second quarter worth approximately $105,000. Folger Nolan Fleming Douglas Capital Management Inc. acquired a new position in shares of Putnam Mun Oppo during the first quarter worth approximately $126,000. Finally, Moors & Cabot Inc. boosted its position in shares of Putnam Mun Oppo by 13.3% in the fourth quarter. Moors & Cabot Inc. now owns 13,838 shares of the financial services provider’s stock valued at $148,000 after acquiring an additional 1,620 shares during the period. 20.40% of the stock is currently owned by institutional investors.

Putnam Mun Oppo Company Profile

Putnam Municipal Opportunities Trust (NYSE: PMO) is a closed-end management investment company designed to provide current income that is generally exempt from federal income tax. The trust invests primarily in municipal securities issued by states, municipalities, and other public entities in the United States.

Its portfolio may include general obligation and revenue bonds, as well as other tax-exempt debt instruments used to finance public infrastructure and services. The trust’s investments can span municipal issuers across various U.S.