Short Interest in Putnam Municipal Opportunities Trust (NYSE:PMO) Decreases By 85.3%

Putnam Municipal Opportunities Trust (NYSE:PMO - Get Free Report) was the target of a large decrease in short interest in the month of January. As of January 15th, there was short interest totalling 10,200 shares, a decrease of 85.3% from the December 31st total of 69,500 shares. Based on an average trading volume of 108,700 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Putnam Municipal Opportunities Trust

Several hedge funds have recently bought and sold shares of the stock. Pathstone Holdings LLC bought a new position in Putnam Municipal Opportunities Trust during the third quarter worth about $3,898,000. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Putnam Municipal Opportunities Trust by 2,144.1% during 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 purchasing an additional 329,179 shares during the period. Rivernorth Capital Management LLC increased its holdings in shares of Putnam Municipal Opportunities Trust by 61.4% during the third quarter. Rivernorth Capital Management LLC now owns 179,697 shares of the financial services provider's stock worth $1,959,000 after purchasing an additional 68,382 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Putnam Municipal Opportunities Trust by 129.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 94,408 shares of the financial services provider's stock valued at $956,000 after buying an additional 53,322 shares in the last quarter. Finally, Wolverine Asset Management LLC boosted its stake in shares of Putnam Municipal Opportunities Trust by 116.1% in the third quarter. Wolverine Asset Management LLC now owns 63,488 shares of the financial services provider's stock valued at $692,000 after buying an additional 34,104 shares during the period. 20.40% of the stock is currently owned by institutional investors and hedge funds.

Putnam Municipal Opportunities Trust Trading Up 1.3 %

PMO stock traded up $0.14 during midday trading on Friday, reaching $10.55. 154,751 shares of the company were exchanged, compared to its average volume of 96,568. The business has a 50-day moving average price of $10.34 and a two-hundred day moving average price of $10.48. Putnam Municipal Opportunities Trust has a one year low of $9.69 and a one year high of $10.96.

Putnam Municipal Opportunities Trust Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 24th will be paid a $0.035 dividend. The ex-dividend date is Friday, January 24th. This represents a $0.42 dividend on an annualized basis and a yield of 3.98%.

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.