Short Interest in Putnam Municipal Opportunities Trust (NYSE:PMO) Rises By 177.6%

Putnam Municipal Opportunities Trust (NYSE:PMO) saw a large growth in short interest in October. As of October 15th, there was short interest totalling 42,200 shares, a growth of 177.6% from the September 30th total of 15,200 shares. Based on an average trading volume of 91,000 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On Putnam Municipal Opportunities Trust

Institutional investors and hedge funds have recently modified their holdings of the stock. Blue Bell Private Wealth Management LLC purchased a new position in Putnam Municipal Opportunities Trust during the second quarter valued at $62,000. Fortitude Family Office LLC bought a new position in Putnam Municipal Opportunities Trust during the third quarter valued at approximately $134,000. International Assets Investment Management LLC increased its stake in Putnam Municipal Opportunities Trust by 1,000.7% in the 3rd quarter. International Assets Investment Management LLC now owns 12,944 shares of the financial services provider’s stock worth $141,000 after acquiring an additional 11,768 shares during the last quarter. Cetera Advisors LLC purchased a new stake in shares of Putnam Municipal Opportunities Trust during the 1st quarter worth approximately $155,000. Finally, Hennion & Walsh Asset Management Inc. purchased a new position in shares of Putnam Municipal Opportunities Trust in the third quarter valued at $167,000. Institutional investors own 20.40% of the company’s stock.

Putnam Municipal Opportunities Trust Stock Performance

NYSE PMO opened at $10.42 on Monday. Putnam Municipal Opportunities Trust has a 12 month low of $8.61 and a 12 month high of $10.96. The company’s 50 day moving average is $10.65 and its two-hundred day moving average is $10.31.

Putnam Municipal Opportunities Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 1st. Shareholders of record on Thursday, October 24th will be issued a dividend of $0.035 per share. This represents a $0.42 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date of this dividend is Thursday, October 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.