Short Interest in Putnam Municipal Opportunities Trust (NYSE:PMO) Decreases By 85.3%

Putnam Municipal Opportunities Trust (NYSE:PMO) was the target of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 10,200 shares, a decrease of 85.3% from the December 31st total of 69,500 shares. Based on an average daily trading volume, of 108,700 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC purchased a new stake in Putnam Municipal Opportunities Trust in the 3rd quarter valued at approximately $119,000. Avior Wealth Management LLC lifted its holdings in shares of Putnam Municipal Opportunities Trust by 23.1% in the 3rd quarter. Avior Wealth Management LLC now owns 11,932 shares of the financial services provider’s stock valued at $130,000 after buying an additional 2,238 shares during the period. Fortitude Family Office LLC acquired a new stake in shares of Putnam Municipal Opportunities Trust in the 3rd quarter valued at approximately $134,000. International Assets Investment Management LLC boosted its stake in shares of Putnam Municipal Opportunities Trust by 1,000.7% in the third quarter. International Assets Investment Management LLC now owns 12,944 shares of the financial services provider’s stock valued at $141,000 after buying an additional 11,768 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in Putnam Municipal Opportunities Trust during the third quarter worth $167,000. 20.40% of the stock is currently owned by institutional investors and hedge funds.

Putnam Municipal Opportunities Trust Stock Down 0.5 %

Putnam Municipal Opportunities Trust stock traded down $0.06 during mid-day trading on Tuesday, reaching $10.29. 81,469 shares of the company were exchanged, compared to its average volume of 97,410. The firm’s 50-day simple moving average is $10.34 and its two-hundred day simple moving average is $10.48. Putnam Municipal Opportunities Trust has a twelve month low of $9.69 and a twelve month high of $10.96.

Putnam Municipal Opportunities Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 24th will be issued a $0.035 dividend. This represents a $0.42 annualized dividend and a dividend yield of 4.08%. The ex-dividend date is Friday, January 24th.

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.