Short Interest in Putnam Mun Oppo (NYSE:PMO) Expands By 48.1%

Putnam Mun Oppo (NYSE:PMO) was the recipient of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 17,492 shares, an increase of 48.1% from the February 12th total of 11,812 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 44,742 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 44,742 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the shares of the stock are sold short.

Putnam Mun Oppo Trading Up 0.1%

Shares of NYSE:PMO opened at $10.53 on Friday. Putnam Mun Oppo has a 52-week low of $9.34 and a 52-week high of $10.87. The company has a fifty day moving average of $10.65 and a 200-day moving average of $10.45.

Putnam Mun Oppo Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be issued a $0.0393 dividend. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Thursday, May 21st.

Hedge Funds Weigh In On Putnam Mun Oppo

Several large investors have recently bought and sold shares of PMO. Rivernorth Capital Management LLC boosted its stake in shares of Putnam Mun Oppo by 72.8% during the fourth quarter. Rivernorth Capital Management LLC now owns 427,625 shares of the financial services provider’s stock valued at $4,576,000 after purchasing an additional 180,105 shares in the last quarter. Advisors Asset Management Inc. increased its stake in shares of Putnam Mun Oppo by 42.3% in the fourth quarter. Advisors Asset Management Inc. now owns 598,344 shares of the financial services provider’s stock valued at $6,402,000 after buying an additional 177,794 shares during the period. Worthington Financial Partners LLC acquired a new position in shares of Putnam Mun Oppo in the fourth quarter valued at approximately $1,627,000. Karpus Management Inc. raised its holdings in Putnam Mun Oppo by 133.0% in the 2nd quarter. Karpus Management Inc. now owns 231,992 shares of the financial services provider’s stock valued at $2,294,000 after buying an additional 132,444 shares during the last quarter. Finally, Guggenheim Capital LLC raised its holdings in Putnam Mun Oppo by 26.1% in the 2nd quarter. Guggenheim Capital LLC now owns 604,966 shares of the financial services provider’s stock valued at $5,983,000 after buying an additional 125,200 shares during the last quarter. 20.40% of the stock is currently owned by institutional investors.

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.