Putnam Mun Oppo (NYSE:PMO) Short Interest Update

Putnam Mun Oppo (NYSE:PMO) was the recipient of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 22,521 shares, a growth of 28.8% from the February 26th total of 17,492 shares. Based on an average trading volume of 62,602 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the company’s shares are short sold.

Putnam Mun Oppo Stock Down 0.1%

Shares of Putnam Mun Oppo stock opened at $10.04 on Monday. The stock’s fifty day moving average is $10.59 and its two-hundred day moving average is $10.48. Putnam Mun Oppo has a 52 week low of $9.34 and a 52 week high of $10.87.

Putnam Mun Oppo Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be issued a dividend of $0.0393 per share. The ex-dividend date is Thursday, May 21st. This represents a c) dividend on an annualized basis and a yield of 4.7%.

Hedge Funds Weigh In On Putnam Mun Oppo

Hedge funds have recently added to or reduced their stakes in the stock. Rivernorth Capital Management LLC raised its stake in shares of Putnam Mun Oppo by 72.8% during the fourth quarter. Rivernorth Capital Management LLC now owns 427,625 shares of the financial services provider’s stock valued at $4,576,000 after acquiring an additional 180,105 shares in the last quarter. Advisors Asset Management Inc. grew its stake in Putnam Mun Oppo by 42.3% in the fourth quarter. Advisors Asset Management Inc. now owns 598,344 shares of the financial services provider’s stock worth $6,402,000 after purchasing an additional 177,794 shares in the last quarter. Worthington Financial Partners LLC purchased a new position in Putnam Mun Oppo during the 4th quarter worth $1,627,000. Karpus Management Inc. increased its holdings in Putnam Mun Oppo by 133.0% during the 2nd quarter. Karpus Management Inc. now owns 231,992 shares of the financial services provider’s stock worth $2,294,000 after purchasing an additional 132,444 shares during the period. Finally, Guggenheim Capital LLC raised its position in 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 valued at $5,983,000 after purchasing an additional 125,200 shares in the last quarter. 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.