Putnam Mun Oppo (NYSE:PMO) Short Interest Update

Putnam Mun Oppo (NYSE:PMO) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 51,578 shares, an increase of 91.3% from the June 30th total of 26,957 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 66,760 shares, the short-interest ratio is currently 0.8 days.

Institutional Investors Weigh In On Putnam Mun Oppo

Several hedge funds have recently modified their holdings of PMO. Rivernorth Capital Management LLC raised its stake in Putnam Mun Oppo by 60.4% in the first quarter. Rivernorth Capital Management LLC now owns 685,823 shares of the financial services provider’s stock worth $7,064,000 after buying an additional 258,198 shares in the last quarter. Worthington Financial Partners LLC bought a new stake in Putnam Mun Oppo during the 4th quarter valued at $1,627,000. Folger Nolan Fleming Douglas Capital Management Inc. bought a new stake in Putnam Mun Oppo during the 1st quarter valued at $126,000. Nomura Holdings Inc. bought a new stake in Putnam Mun Oppo during the 2nd quarter valued at $99,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Putnam Mun Oppo in the 1st quarter valued at $500,000. Hedge funds and other institutional investors own 20.40% of the company’s stock.

Putnam Mun Oppo Stock Up 0.0%

NYSE:PMO traded up $0.01 during mid-day trading on Friday, reaching $10.22. The company’s stock had a trading volume of 49,294 shares, compared to its average volume of 65,766. Putnam Mun Oppo has a 1 year low of $9.72 and a 1 year high of $10.87. The stock has a fifty day moving average of $10.55 and a 200-day moving average of $10.52.

Putnam Mun Oppo Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be issued a $0.033 dividend. The ex-dividend date is Monday, August 24th. This represents a c) annualized dividend and a dividend yield of 3.9%.

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.