Short Interest in Putnam Mun Oppo (NYSE:PMO) Rises By 48.1%

Putnam Mun Oppo (NYSE:PMO) saw a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 17,492 shares, an increase of 48.1% from the February 12th total of 11,812 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 44,742 shares, the short-interest ratio is presently 0.4 days. Based on an average daily trading volume, of 44,742 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the shares of the company are sold short.

Putnam Mun Oppo Stock Performance

Shares of NYSE PMO traded up $0.02 during midday trading on Friday, hitting $10.53. 33,533 shares of the company’s stock were exchanged, compared to its average volume of 51,434. Putnam Mun Oppo has a twelve month low of $9.34 and a twelve month high of $10.87. The stock’s 50 day moving average price is $10.65 and its 200-day moving average price is $10.46.

Putnam Mun Oppo Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, May 29th. Stockholders of record on Thursday, May 21st will be paid a $0.0393 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a c) annualized dividend and a dividend yield of 4.5%.

Institutional Investors Weigh In On Putnam Mun Oppo

A number of hedge funds and other institutional investors have recently modified their holdings of PMO. Elyxium Wealth LLC bought a new stake in shares of Putnam Mun Oppo during the 4th quarter worth about $44,000. Nomura Holdings Inc. bought a new stake in Putnam Mun Oppo during the second quarter worth approximately $99,000. Meridian Wealth Management LLC bought a new stake in Putnam Mun Oppo during the second quarter worth approximately $100,000. Prospera Financial Services Inc acquired a new stake in Putnam Mun Oppo in the second quarter worth approximately $102,000. Finally, Wellspring Financial Advisors LLC bought a new position in Putnam Mun Oppo during the 2nd quarter valued at $104,000. 20.40% of the stock is currently owned by institutional investors.

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.