Putnam Mun Oppo (NYSE:PMO) Sees Large Drop in Short Interest

Putnam Mun Oppo (NYSE:PMO) was the target of a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 57,024 shares, a decrease of 18.9% from the December 15th total of 70,346 shares. Based on an average daily trading volume, of 109,439 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the shares of the company are sold short. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 109,439 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On Putnam Mun Oppo

Hedge funds and other institutional investors have recently modified their holdings of the business. CX Institutional bought a new stake in shares of Putnam Mun Oppo during the 2nd quarter valued at approximately $29,000. ST Germain D J Co. Inc. acquired a new stake in Putnam Mun Oppo in the second quarter valued at approximately $30,000. Duncker Streett & Co. Inc. bought a new stake in shares of Putnam Mun Oppo during the second quarter worth $48,000. Nomura Holdings Inc. acquired a new position in shares of Putnam Mun Oppo during the second quarter worth $99,000. Finally, Meridian Wealth Management LLC acquired a new position in shares of Putnam Mun Oppo during the second quarter worth $100,000. Institutional investors own 20.40% of the company’s stock.

Putnam Mun Oppo Trading Up 0.1%

PMO stock traded up $0.02 during mid-day trading on Monday, hitting $10.61. 184,477 shares of the company were exchanged, compared to its average volume of 76,102. Putnam Mun Oppo has a 1-year low of $9.34 and a 1-year high of $10.80. The business has a 50 day simple moving average of $10.48 and a 200-day simple moving average of $10.22.

Putnam Mun Oppo Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be given a dividend of $0.0393 per share. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date is Friday, February 20th.

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.