Putnam Municipal Opportunities Trust (NYSE:PMO) Sees Large Decline in Short Interest

Putnam Municipal Opportunities Trust (NYSE:PMO - Get Free Report) was the recipient of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 59,200 shares, a decline of 54.4% from the February 28th total of 129,700 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 90,100 shares, the short-interest ratio is currently 0.7 days.

Putnam Municipal Opportunities Trust Stock Up 0.3 %

PMO traded up $0.04 on Tuesday, hitting $10.23. 29,572 shares of the company traded hands, compared to its average volume of 78,068. Putnam Municipal Opportunities Trust has a 12-month low of $9.69 and a 12-month high of $10.96. The company has a 50 day moving average of $10.48 and a 200-day moving average of $10.49.

Putnam Municipal Opportunities Trust Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a $0.035 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.42 dividend on an annualized basis and a yield of 4.11%.

Hedge Funds Weigh In On Putnam Municipal Opportunities Trust

Institutional investors have recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. boosted 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 valued at $3,490,000 after acquiring an additional 329,179 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in Putnam Municipal Opportunities Trust by 92.2% in the 4th quarter. Advisors Asset Management Inc. now owns 291,314 shares of the financial services provider's stock valued at $2,951,000 after purchasing an additional 139,739 shares in the last quarter. 1607 Capital Partners LLC increased its position in Putnam Municipal Opportunities Trust by 54.1% during the 4th quarter. 1607 Capital Partners LLC now owns 362,681 shares of the financial services provider's stock worth $3,674,000 after purchasing an additional 127,300 shares during the period. Intellus Advisors LLC purchased a new position in shares of Putnam Municipal Opportunities Trust during the 4th quarter worth approximately $1,286,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Putnam Municipal Opportunities Trust in the 4th quarter valued at approximately $916,000. 20.40% of the stock is owned by institutional investors and hedge funds.

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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.