Putnam Mun Oppo (NYSE:PMO) Sees Large Decline in Short Interest

Putnam Mun Oppo (NYSE:PMO) saw a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 57,024 shares, a decline of 18.9% from the December 15th total of 70,346 shares. Based on an average daily volume of 109,439 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 109,439 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On Putnam Mun Oppo

Hedge funds and other institutional investors have recently modified their holdings of the stock. Successful Portfolios LLC boosted its position in shares of Putnam Mun Oppo by 8.0% during the third quarter. Successful Portfolios LLC now owns 13,428 shares of the financial services provider’s stock worth $139,000 after buying an additional 1,000 shares during the period. Bank of America Corp DE grew its stake in shares of Putnam Mun Oppo by 1.2% in the third quarter. Bank of America Corp DE now owns 154,223 shares of the financial services provider’s stock worth $1,593,000 after purchasing an additional 1,874 shares in the last quarter. Riverbridge Partners LLC increased its holdings in shares of Putnam Mun Oppo by 2.8% during the third quarter. Riverbridge Partners LLC now owns 77,040 shares of the financial services provider’s stock valued at $796,000 after purchasing an additional 2,074 shares during the period. Osaic Holdings Inc. increased its holdings in shares of Putnam Mun Oppo by 5.5% during the second quarter. Osaic Holdings Inc. now owns 42,809 shares of the financial services provider’s stock valued at $423,000 after purchasing an additional 2,224 shares during the period. Finally, Intellus Advisors LLC raised its stake in shares of Putnam Mun Oppo by 1.8% during the second quarter. Intellus Advisors LLC now owns 126,464 shares of the financial services provider’s stock valued at $1,251,000 after purchasing an additional 2,267 shares in the last quarter. Institutional investors own 20.40% of the company’s stock.

Putnam Mun Oppo Stock Down 0.6%

Shares of PMO opened at $10.53 on Wednesday. The business’s 50 day moving average is $10.49 and its two-hundred day moving average is $10.23. Putnam Mun Oppo has a 52-week low of $9.34 and a 52-week high of $10.80.

Putnam Mun Oppo Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 20th will be paid a dividend of $0.0393 per share. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Friday, February 20th.

About Putnam Mun Oppo

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.