Putnam Municipal Opportunities Trust (NYSE:PMO) Sees Significant Drop in Short Interest

Putnam Municipal Opportunities Trust (NYSE:PMO) was the recipient of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 59,200 shares, a decrease of 54.4% from the February 28th total of 129,700 shares. Based on an average daily volume of 90,100 shares, the short-interest ratio is currently 0.7 days. Currently, 0.2% of the company’s shares are short sold.

Putnam Municipal Opportunities Trust Trading Down 0.0 %

PMO stock traded down $0.01 during trading on Friday, hitting $10.15. The company had a trading volume of 54,872 shares, compared to its average volume of 93,229. Putnam Municipal Opportunities Trust has a 52-week low of $9.69 and a 52-week high of $10.96. The company has a 50 day simple moving average of $10.48 and a 200-day simple moving average of $10.49.

Putnam Municipal Opportunities Trust Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.035 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date of this dividend is Monday, March 17th.

Institutional Trading of Putnam Municipal Opportunities Trust

Institutional investors and hedge funds have recently modified their holdings of the stock. Rockefeller Capital Management L.P. increased its holdings in Putnam Municipal Opportunities Trust by 4.3% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 139,457 shares of the financial services provider’s stock worth $1,520,000 after purchasing an additional 5,697 shares during the period. HighTower Advisors LLC purchased a new position in shares of Putnam Municipal Opportunities Trust during the third quarter valued at $267,000. Integrated Wealth Concepts LLC bought a new stake in shares of Putnam Municipal Opportunities Trust in the third quarter valued at about $119,000. Rivernorth Capital Management LLC lifted its stake in Putnam Municipal Opportunities Trust by 61.4% in the third quarter. Rivernorth Capital Management LLC now owns 179,697 shares of the financial services provider’s stock worth $1,959,000 after acquiring an additional 68,382 shares during the period. Finally, Stifel Financial Corp grew its holdings in Putnam Municipal Opportunities Trust by 9.3% during the 3rd quarter. Stifel Financial Corp now owns 35,601 shares of the financial services provider’s stock worth $388,000 after acquiring an additional 3,040 shares in the last quarter. Institutional investors 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.