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

Putnam Mun Oppo (NYSE:PMO) was the target of a large decrease in short interest in April. As of April 30th, there was short interest totaling 11,723 shares, a decrease of 62.0% from the April 15th total of 30,831 shares. Based on an average daily volume of 75,021 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Trading of Putnam Mun Oppo

Institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its stake in shares of Putnam Mun Oppo by 16.6% in the 1st quarter. Royal Bank of Canada now owns 22,246 shares of the financial services provider’s stock valued at $226,000 after purchasing an additional 3,162 shares during the period. Invesco Ltd. grew its position in shares of Putnam Mun Oppo by 228.4% during the 2nd quarter. Invesco Ltd. now owns 78,733 shares of the financial services provider’s stock worth $779,000 after buying an additional 54,761 shares during the period. Karpus Management Inc. lifted its position in shares of Putnam Mun Oppo by 133.0% during the 2nd quarter. Karpus Management Inc. now owns 231,992 shares of the financial services provider’s stock valued at $2,294,000 after acquiring an additional 132,444 shares during the period. Bank of America Corp DE grew its holdings in Putnam Mun Oppo by 20.6% in the second quarter. Bank of America Corp DE now owns 152,349 shares of the financial services provider’s stock worth $1,507,000 after purchasing an additional 26,015 shares during the period. Finally, Nomura Holdings Inc. bought a new stake in Putnam Mun Oppo in the second quarter valued at $99,000. 20.40% of the stock is currently owned by institutional investors.

Putnam Mun Oppo Stock Performance

NYSE PMO traded up $0.09 on Thursday, reaching $10.48. The company had a trading volume of 110,846 shares, compared to its average volume of 68,366. Putnam Mun Oppo has a fifty-two week low of $9.70 and a fifty-two week high of $10.87. The business has a 50 day moving average of $10.41 and a two-hundred day moving average of $10.49.

Putnam Mun Oppo Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be given a dividend of $0.0393 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Thursday, May 21st.

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.