Short Interest in Putnam Mun Oppo (NYSE:PMO) Grows By 28.8%

Putnam Mun Oppo (NYSE:PMO) was the target of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 22,521 shares, a growth of 28.8% from the February 26th total of 17,492 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 62,602 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of Putnam Mun Oppo

A number of hedge funds have recently bought and sold shares of PMO. Royal Bank of Canada boosted its position in Putnam Mun Oppo by 16.6% during the 1st quarter. Royal Bank of Canada now owns 22,246 shares of the financial services provider’s stock valued at $226,000 after acquiring an additional 3,162 shares in the last quarter. Wellspring Financial Advisors LLC bought a new position in shares of Putnam Mun Oppo in the 2nd quarter worth $104,000. Invesco Ltd. lifted its stake in shares of Putnam Mun Oppo by 228.4% during the 2nd quarter. Invesco Ltd. now owns 78,733 shares of the financial services provider’s stock worth $779,000 after purchasing an additional 54,761 shares during the last quarter. Guggenheim Capital LLC lifted its stake in shares of Putnam Mun Oppo by 26.1% during the 2nd quarter. Guggenheim Capital LLC now owns 604,966 shares of the financial services provider’s stock worth $5,983,000 after purchasing an additional 125,200 shares during the last quarter. Finally, Karpus Management Inc. boosted its position in Putnam Mun Oppo by 133.0% during the second quarter. Karpus Management Inc. now owns 231,992 shares of the financial services provider’s stock valued at $2,294,000 after purchasing an additional 132,444 shares in the last quarter. Hedge funds and other institutional investors own 20.40% of the company’s stock.

Putnam Mun Oppo Stock Performance

NYSE:PMO opened at $10.04 on Monday. The firm has a 50-day simple moving average of $10.59 and a 200-day simple moving average of $10.48. Putnam Mun Oppo has a one year low of $9.34 and a one year high of $10.87.

Putnam Mun Oppo Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be issued a dividend of $0.0393 per share. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Thursday, May 21st.

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.