Putnam Mun Oppo (NYSE:PMO) Short Interest Down 53.5% in February

Putnam Mun Oppo (NYSE:PMO) was the recipient of a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 11,812 shares, a drop of 53.5% from the January 29th total of 25,392 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 75,653 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 75,653 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are sold short.

Putnam Mun Oppo Stock Performance

Shares of PMO stock traded up $0.03 during trading hours on Friday, hitting $10.80. The company had a trading volume of 28,320 shares, compared to its average volume of 72,085. The company’s fifty day moving average is $10.62 and its 200 day moving average is $10.38. Putnam Mun Oppo has a fifty-two week low of $9.34 and a fifty-two week high of $10.84.

Putnam Mun Oppo Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be paid a dividend of $0.0393 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a c) annualized dividend and a yield of 4.4%.

Institutional Trading of Putnam Mun Oppo

Several hedge funds have recently made changes to their positions in the business. Invesco Ltd. raised its holdings in Putnam Mun Oppo by 53.1% in the fourth quarter. Invesco Ltd. now owns 159,253 shares of the financial services provider’s stock valued at $1,704,000 after acquiring an additional 55,226 shares in the last quarter. Rivernorth Capital Management LLC increased its position in shares of Putnam Mun Oppo by 72.8% in the 4th 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 during the last quarter. Guggenheim Capital LLC increased its position in shares of Putnam Mun Oppo by 9.2% in the 4th quarter. Guggenheim Capital LLC now owns 663,914 shares of the financial services provider’s stock valued at $7,104,000 after purchasing an additional 56,158 shares during the last quarter. &PARTNERS acquired a new stake in shares of Putnam Mun Oppo in the 4th quarter valued at $335,000. Finally, Royal Bank of Canada lifted its position in shares of Putnam Mun Oppo by 28.2% during the 4th quarter. Royal Bank of Canada now owns 38,570 shares of the financial services provider’s stock worth $412,000 after purchasing an additional 8,494 shares during the last quarter. Institutional investors and hedge funds own 20.40% of the company’s stock.

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.