Putnam Mun Oppo (NYSE:PMO) Short Interest Up 103.0% in December

Putnam Mun Oppo (NYSE:PMO) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totaling 70,346 shares, a growth of 103.0% from the November 30th total of 34,649 shares. Based on an average daily trading volume, of 98,934 shares, the short-interest ratio is presently 0.7 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 98,934 shares, the short-interest ratio is presently 0.7 days.

Putnam Mun Oppo Trading Up 0.2%

Shares of NYSE:PMO traded up $0.02 during midday trading on Friday, hitting $10.41. 54,863 shares of the company’s stock were exchanged, compared to its average volume of 97,584. Putnam Mun Oppo has a 12 month low of $9.34 and a 12 month high of $10.80. The stock has a 50 day moving average price of $10.40 and a 200-day moving average price of $10.14.

Putnam Mun Oppo Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be issued a dividend of $0.0393 per share. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Friday, February 20th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PMO. CX Institutional bought a new stake in Putnam Mun Oppo during the second quarter worth $29,000. ST Germain D J Co. Inc. purchased a new position in Putnam Mun Oppo during the 2nd quarter worth $30,000. Duncker Streett & Co. Inc. bought a new stake in shares of Putnam Mun Oppo in the 2nd quarter worth $48,000. Nomura Holdings Inc. bought a new stake in shares of Putnam Mun Oppo in the 2nd quarter worth $99,000. Finally, Meridian Wealth Management LLC purchased a new stake in shares of Putnam Mun Oppo in the second quarter valued at about $100,000. Institutional investors 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.