Putnam Municipal Opportunities Trust (NYSE:PMO) Short Interest Up 61.6% in February

Putnam Municipal Opportunities Trust (NYSE:PMO) was the recipient of a large increase in short interest in 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 days-to-cover ratio is currently 1.4 days.

Institutional Investors Weigh In On Putnam Municipal Opportunities Trust

A number of large investors have recently modified their holdings of the business. Pathstone Holdings LLC acquired a new stake in Putnam Municipal Opportunities Trust in the 3rd quarter worth approximately $3,898,000. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Putnam Municipal Opportunities Trust by 2,144.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 344,532 shares of the financial services provider’s stock worth $3,490,000 after buying an additional 329,179 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Putnam Municipal Opportunities Trust by 92.2% during the fourth quarter. Advisors Asset Management Inc. now owns 291,314 shares of the financial services provider’s stock worth $2,951,000 after buying an additional 139,739 shares during the period. 1607 Capital Partners LLC grew its holdings in shares of Putnam Municipal Opportunities Trust by 54.1% during the fourth quarter. 1607 Capital Partners LLC now owns 362,681 shares of the financial services provider’s stock valued at $3,674,000 after buying an additional 127,300 shares during the last quarter. Finally, Intellus Advisors LLC acquired a new position in shares of Putnam Municipal Opportunities Trust in the 4th quarter valued at $1,286,000. Hedge funds and other institutional investors own 20.40% of the company’s stock.

Putnam Municipal Opportunities Trust Price Performance

PMO traded down $0.16 during trading on Tuesday, hitting $10.56. The stock had a trading volume of 61,162 shares, compared to its average volume of 79,138. The stock has a 50 day simple moving average of $10.40 and a two-hundred day simple moving average of $10.51. Putnam Municipal Opportunities Trust has a twelve month low of $9.69 and a twelve month high of $10.96.

Putnam Municipal Opportunities Trust Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 24th were issued a $0.035 dividend. This represents a $0.42 annualized dividend and a yield of 3.98%. The ex-dividend date of this dividend was 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.