Putnam Municipal Opportunities Trust (NYSE:PMO) Short Interest Update

Putnam Municipal Opportunities Trust (NYSE:PMO - Get Free Report) was the target of a significant growth in short interest in February. As of February 15th, there was short interest totalling 143,000 shares, a growth of 61.6% from the January 31st total of 88,500 shares. Based on an average daily trading volume, of 101,800 shares, the days-to-cover ratio is presently 1.4 days.

Putnam Municipal Opportunities Trust Price Performance

PMO remained flat at $10.76 during mid-day trading on Monday. 34,529 shares of the company's stock were exchanged, compared to its average volume of 78,646. Putnam Municipal Opportunities Trust has a 1 year low of $9.69 and a 1 year high of $10.96. The business has a 50-day moving average of $10.39 and a 200 day moving average of $10.51.

Putnam Municipal Opportunities Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 24th will be given a dividend of $0.035 per share. This represents a $0.42 annualized dividend and a dividend yield of 3.90%. The ex-dividend date is Monday, February 24th.

Institutional Investors Weigh In On Putnam Municipal Opportunities Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC purchased a new stake in shares of Putnam Municipal Opportunities Trust in the 3rd quarter valued at about $119,000. Citadel Advisors LLC grew its holdings in Putnam Municipal Opportunities Trust by 9.5% in the 4th quarter. Citadel Advisors LLC now owns 12,176 shares of the financial services provider's stock worth $123,000 after acquiring an additional 1,059 shares during the last quarter. Avior Wealth Management LLC increased its position in shares of Putnam Municipal Opportunities Trust by 23.1% in the third quarter. Avior Wealth Management LLC now owns 11,932 shares of the financial services provider's stock valued at $130,000 after acquiring an additional 2,238 shares during the period. Noble Wealth Management PBC purchased a new stake in Putnam Municipal Opportunities Trust in the fourth quarter worth $140,000. Finally, International Assets Investment Management LLC boosted its holdings in Putnam Municipal Opportunities Trust by 1,000.7% in the third quarter. International Assets Investment Management LLC now owns 12,944 shares of the financial services provider's stock valued at $141,000 after acquiring an additional 11,768 shares in the last quarter. 20.40% of the stock is currently owned by institutional investors.

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.