Putnam Municipal Opportunities Trust (NYSE:PMO) Sees Significant Drop in Short Interest

Putnam Municipal Opportunities Trust (NYSE:PMO) saw a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 56,300 shares, a decrease of 59.8% from the October 31st total of 140,100 shares. Based on an average trading volume of 100,900 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of Putnam Municipal Opportunities Trust

Several large investors have recently bought and sold shares of the business. International Assets Investment Management LLC raised its position in shares of Putnam Municipal Opportunities Trust by 1,000.7% during the third quarter. International Assets Investment Management LLC now owns 12,944 shares of the financial services provider’s stock worth $141,000 after acquiring an additional 11,768 shares during the last quarter. Pathstone Holdings LLC purchased a new stake in shares of Putnam Municipal Opportunities Trust during the third quarter worth $3,898,000. Rothschild Investment LLC purchased a new stake in shares of Putnam Municipal Opportunities Trust in the second quarter worth $2,000,000. Logan Stone Capital LLC increased its stake in Putnam Municipal Opportunities Trust by 19.8% in the second quarter. Logan Stone Capital LLC now owns 80,343 shares of the financial services provider’s stock valued at $824,000 after acquiring an additional 13,267 shares during the last quarter. Finally, Van ECK Associates Corp grew its stake in shares of Putnam Municipal Opportunities Trust by 13.9% during the second quarter. Van ECK Associates Corp now owns 231,553 shares of the financial services provider’s stock valued at $2,376,000 after buying an additional 28,181 shares during the last quarter. 20.40% of the stock is owned by institutional investors and hedge funds.

Putnam Municipal Opportunities Trust Price Performance

Shares of PMO traded up $0.20 on Thursday, hitting $10.63. The company’s stock had a trading volume of 100,794 shares, compared to its average volume of 93,230. Putnam Municipal Opportunities Trust has a fifty-two week low of $9.69 and a fifty-two week high of $10.96. The firm’s fifty day moving average price is $10.60 and its 200-day moving average price is $10.41.

Putnam Municipal Opportunities Trust Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 22nd will be given a dividend of $0.035 per share. This represents a $0.42 annualized dividend and a yield of 3.95%. The ex-dividend date is Friday, November 22nd.

About Putnam Municipal Opportunities Trust

Putnam Municipal Opportunities Trust is a closed ended fixed income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in fixed income markets of United States. The fund invests in companies operating across healthcare, utilities, transportation, water and sewer, and housing sectors.