Putnam Mun Oppo (NYSE:PMO) Short Interest Update

Putnam Mun Oppo (NYSE:PMO) saw a large 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. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 44,742 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 44,742 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the company’s stock are sold short.

Putnam Mun Oppo Price Performance

NYSE:PMO opened at $10.53 on Monday. Putnam Mun Oppo has a 1-year low of $9.34 and a 1-year high of $10.87. The firm has a fifty day simple moving average of $10.65 and a 200 day simple moving average of $10.46.

Putnam Mun Oppo Announces Dividend

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

Institutional Investors Weigh In On Putnam Mun Oppo

Several hedge funds have recently bought and sold shares of PMO. Advisors Asset Management Inc. raised its stake in Putnam Mun Oppo by 36.9% in the third quarter. Advisors Asset Management Inc. now owns 420,550 shares of the financial services provider’s stock valued at $4,344,000 after buying an additional 113,434 shares during the period. Allworth Financial LP acquired a new stake in shares of Putnam Mun Oppo in the second quarter valued at approximately $119,000. Guggenheim Capital LLC boosted its stake in shares of Putnam Mun Oppo by 26.1% during the 2nd quarter. Guggenheim Capital LLC now owns 604,966 shares of the financial services provider’s stock worth $5,983,000 after acquiring an additional 125,200 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Putnam Mun Oppo by 6.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 126,126 shares of the financial services provider’s stock worth $1,247,000 after acquiring an additional 8,054 shares during the period. Finally, Prospera Financial Services Inc acquired a new position in shares of Putnam Mun Oppo during the 2nd quarter worth approximately $102,000. 20.40% of the stock is currently owned by institutional investors and hedge funds.

About Putnam Mun Oppo

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.