Putnam Municipal Opportunities Trust (NYSE:PMO) Sees Significant Increase in Short Interest

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.

Hedge Funds Weigh In On Putnam Municipal Opportunities Trust

Several hedge funds have recently made changes to their positions in the business. Leigh Baldwin & CO. LLC bought a new stake in Putnam Municipal Opportunities Trust in the fourth quarter valued at $252,000. Nomura Holdings Inc. lifted its position in shares of Putnam Municipal Opportunities Trust by 172.5% in the 4th quarter. Nomura Holdings Inc. now owns 29,972 shares of the financial services provider’s stock worth $304,000 after purchasing an additional 18,975 shares during the period. Citadel Advisors LLC boosted its stake in shares of Putnam Municipal Opportunities Trust by 9.5% during the 4th quarter. Citadel Advisors LLC now owns 12,176 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 1,059 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Putnam Municipal Opportunities Trust during the fourth quarter valued at about $318,000. Finally, Stifel Financial Corp increased its position in shares of Putnam Municipal Opportunities Trust by 3.1% during the fourth quarter. Stifel Financial Corp now owns 36,713 shares of the financial services provider’s stock valued at $372,000 after buying an additional 1,112 shares during the period. 20.40% of the stock is owned by hedge funds and other institutional investors.

Putnam Municipal Opportunities Trust Trading Up 0.3 %

Putnam Municipal Opportunities Trust stock opened at $10.75 on Friday. Putnam Municipal Opportunities Trust has a 1-year low of $9.69 and a 1-year high of $10.96. The firm has a 50-day moving average of $10.39 and a 200-day moving average of $10.51.

Putnam Municipal Opportunities Trust Dividend Announcement

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 issued a $0.035 dividend. This represents a $0.42 annualized dividend and a yield of 3.91%. The ex-dividend date of this dividend is Monday, February 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.