Short Interest in Putnam Mun Oppo (NYSE:PMO) Drops By 40.6%

Putnam Mun Oppo (NYSE:PMO) was the target of a significant decline in short interest during the month of January. As of January 15th, there was short interest totaling 33,886 shares, a decline of 40.6% from the December 31st total of 57,024 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 72,215 shares, the short-interest ratio is presently 0.5 days. Based on an average daily trading volume, of 72,215 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Trading of Putnam Mun Oppo

Several hedge funds and other institutional investors have recently modified their holdings of PMO. Successful Portfolios LLC increased its stake in shares of Putnam Mun Oppo by 8.0% during the 3rd quarter. Successful Portfolios LLC now owns 13,428 shares of the financial services provider’s stock worth $139,000 after purchasing an additional 1,000 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Putnam Mun Oppo by 1.2% during the third quarter. Bank of America Corp DE now owns 154,223 shares of the financial services provider’s stock worth $1,593,000 after buying an additional 1,874 shares during the last quarter. Riverbridge Partners LLC raised its position in shares of Putnam Mun Oppo by 2.8% during the third quarter. Riverbridge Partners LLC now owns 77,040 shares of the financial services provider’s stock valued at $796,000 after buying an additional 2,074 shares during the last quarter. Osaic Holdings Inc. raised its stake in shares of Putnam Mun Oppo by 5.5% in the second quarter. Osaic Holdings Inc. now owns 42,809 shares of the financial services provider’s stock valued at $423,000 after purchasing an additional 2,224 shares in the last quarter. Finally, Intellus Advisors LLC lifted its stake in Putnam Mun Oppo by 1.8% during the second quarter. Intellus Advisors LLC now owns 126,464 shares of the financial services provider’s stock worth $1,251,000 after purchasing an additional 2,267 shares during the period. Institutional investors and hedge funds own 20.40% of the company’s stock.

Putnam Mun Oppo Stock Up 0.1%

Shares of Putnam Mun Oppo stock traded up $0.01 on Friday, reaching $10.68. 42,549 shares of the company were exchanged, compared to its average volume of 81,829. Putnam Mun Oppo has a 1-year low of $9.34 and a 1-year high of $10.80. The company’s 50-day moving average is $10.52 and its two-hundred day moving average is $10.27.

Putnam Mun Oppo Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be issued a $0.0393 dividend. This represents a c) dividend on an annualized basis and a dividend 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.