Short Interest in Putnam Municipal Opportunities Trust (NYSE:PMO) Declines By 31.8%

Putnam Municipal Opportunities Trust (NYSE:PMOGet Rating) saw a significant drop in short interest in March. As of March 31st, there was short interest totalling 86,500 shares, a drop of 31.8% from the March 15th total of 126,900 shares. Based on an average trading volume of 95,900 shares, the short-interest ratio is presently 0.9 days.

Shares of PMO opened at $11.09 on Friday. Putnam Municipal Opportunities Trust has a twelve month low of $11.01 and a twelve month high of $15.00. The company has a 50 day moving average of $11.97 and a two-hundred day moving average of $13.16.

The business also recently disclosed a monthly dividend, which will be paid on Monday, May 2nd. Stockholders of record on Friday, April 22nd will be paid a dividend of $0.0531 per share. The ex-dividend date is Thursday, April 21st. This represents a $0.64 annualized dividend and a dividend yield of 5.75%.

Large investors have recently bought and sold shares of the company. Steph & Co. acquired a new stake in shares of Putnam Municipal Opportunities Trust during the fourth quarter worth $50,000. Herold Advisors Inc. purchased a new position in shares of Putnam Municipal Opportunities Trust during the third quarter worth $79,000. Client 1ST Advisory Group LLC purchased a new position in shares of Putnam Municipal Opportunities Trust during the fourth quarter worth $144,000. RFG Advisory LLC purchased a new position in shares of Putnam Municipal Opportunities Trust during the fourth quarter worth $161,000. Finally, Mutual Advisors LLC purchased a new position in shares of Putnam Municipal Opportunities Trust during the fourth quarter worth $164,000. Institutional investors and hedge funds own 18.91% of the company’s stock.

About Putnam Municipal Opportunities Trust (Get Rating)

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.

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