Putnam Mun Oppo (NYSE:PMO) Short Interest Update

Putnam Mun Oppo (NYSE:PMO) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 23,288 shares, an increase of 78.4% from the May 31st total of 13,055 shares. Based on an average daily volume of 48,658 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the company’s stock are sold short.

Putnam Mun Oppo Trading Up 0.0%

PMO opened at $10.72 on Friday. The business’s 50-day moving average is $10.48 and its two-hundred day moving average is $10.52. Putnam Mun Oppo has a 1 year low of $9.71 and a 1 year high of $10.87.

Putnam Mun Oppo Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be issued a $0.033 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Monday, August 24th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Noble Wealth Management PBC lifted its position in Putnam Mun Oppo by 92.9% during the second quarter. Noble Wealth Management PBC now owns 82,471 shares of the financial services provider’s stock valued at $869,000 after acquiring an additional 39,721 shares during the last quarter. Rivernorth Capital Management LLC lifted its holdings in shares of Putnam Mun Oppo by 60.4% during the 1st quarter. Rivernorth Capital Management LLC now owns 685,823 shares of the financial services provider’s stock valued at $7,064,000 after purchasing an additional 258,198 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Putnam Mun Oppo in the 1st quarter worth $500,000. Fifth Third Bancorp boosted its position in shares of Putnam Mun Oppo by 269.4% in the 1st quarter. Fifth Third Bancorp now owns 9,379 shares of the financial services provider’s stock worth $97,000 after purchasing an additional 6,840 shares in the last quarter. Finally, Folger Nolan Fleming Douglas Capital Management Inc. purchased a new position in Putnam Mun Oppo during the 1st quarter worth $126,000. Institutional investors own 20.40% of the company’s stock.

Putnam Mun Oppo Company Profile

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.