Putnam Municipal Opportunities Trust (NYSE:PMO) Short Interest Up 61.6% in February

Putnam Municipal Opportunities Trust (NYSE:PMO) was the recipient of a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 143,000 shares, an increase of 61.6% from the January 31st total of 88,500 shares. Based on an average trading volume of 101,800 shares, the short-interest ratio is presently 1.4 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PMO. International Assets Investment Management LLC increased its stake in shares of Putnam Municipal Opportunities Trust by 1,000.7% during the third 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 period. Wolverine Asset Management LLC boosted its holdings in Putnam Municipal Opportunities Trust by 116.1% during the third quarter. Wolverine Asset Management LLC now owns 63,488 shares of the financial services provider’s stock worth $692,000 after buying an additional 34,104 shares in the last quarter. Pathstone Holdings LLC purchased a new stake in Putnam Municipal Opportunities Trust during the third quarter worth about $3,898,000. Avior Wealth Management LLC boosted its holdings in Putnam Municipal Opportunities Trust by 23.1% during the third quarter. Avior Wealth Management LLC now owns 11,932 shares of the financial services provider’s stock worth $130,000 after buying an additional 2,238 shares in the last quarter. Finally, Moors & Cabot Inc. boosted its holdings in Putnam Municipal Opportunities Trust by 18.2% during the third quarter. Moors & Cabot Inc. now owns 16,853 shares of the financial services provider’s stock worth $184,000 after buying an additional 2,600 shares in the last quarter. 20.40% of the stock is currently owned by institutional investors and hedge funds.

Putnam Municipal Opportunities Trust Price Performance

PMO traded down $0.02 on Monday, reaching $10.74. The company had a trading volume of 69,040 shares, compared to its average volume of 79,589. Putnam Municipal Opportunities Trust has a 1 year low of $9.69 and a 1 year high of $10.96. The stock has a 50-day moving average price of $10.39 and a 200-day moving average price of $10.51.

Putnam Municipal Opportunities Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 24th will be paid a $0.035 dividend. The ex-dividend date is Monday, February 24th. This represents a $0.42 dividend on an annualized basis and a yield of 3.91%.

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.