Putnam Municipal Opportunities Trust (NYSE:PMO) Short Interest Update

Putnam Municipal Opportunities Trust (NYSE:PMO) saw a significant growth in short interest during the month of 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 daily trading volume, of 91,000 shares, the short-interest ratio is presently 0.5 days.

Putnam Municipal Opportunities Trust Stock Up 0.1 %

Shares of NYSE:PMO opened at $10.42 on Friday. Putnam Municipal Opportunities Trust has a fifty-two week low of $8.61 and a fifty-two week high of $10.96. The business has a 50-day moving average of $10.65 and a two-hundred day moving average of $10.31.

Putnam Municipal Opportunities Trust Dividend Announcement

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

Hedge Funds Weigh In On Putnam Municipal Opportunities Trust

Several large investors have recently made changes to their positions in PMO. Rothschild Investment LLC acquired a new position in shares of Putnam Municipal Opportunities Trust during the 2nd quarter worth about $2,000,000. Allspring Global Investments Holdings LLC bought a new position in Putnam Municipal Opportunities Trust during the second quarter valued at about $422,000. Cyndeo Wealth Partners LLC bought a new position in Putnam Municipal Opportunities Trust during the third quarter valued at about $357,000. Robinson Capital Management LLC increased its stake in Putnam Municipal Opportunities Trust by 3.6% during the first quarter. Robinson Capital Management LLC now owns 935,354 shares of the financial services provider’s stock valued at $9,148,000 after acquiring an additional 32,407 shares during the period. Finally, Van ECK Associates Corp increased its stake in Putnam Municipal Opportunities Trust by 13.9% during the second quarter. Van ECK Associates Corp now owns 231,553 shares of the financial services provider’s stock valued at $2,376,000 after acquiring an additional 28,181 shares during the period. Institutional investors and hedge funds own 20.40% of the company’s stock.

Putnam Municipal Opportunities Trust Company Profile

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.