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

Putnam Municipal Opportunities Trust (NYSE:PMO - Get Free Report) saw a large drop in short interest in March. As of March 31st, there was short interest totalling 9,100 shares, a drop of 84.6% from the March 15th total of 59,200 shares. Currently, 0.0% of the company's stock are sold short. Based on an average daily volume of 85,200 shares, the short-interest ratio is presently 0.1 days.

Putnam Municipal Opportunities Trust Stock Performance

PMO stock traded down $0.03 during midday trading on Friday, reaching $9.70. 87,377 shares of the company's stock traded hands, compared to its average volume of 95,061. The firm's fifty day moving average price is $10.25 and its 200-day moving average price is $10.38. Putnam Municipal Opportunities Trust has a 52 week low of $9.34 and a 52 week high of $10.96.

Putnam Municipal Opportunities Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Thursday, April 17th will be issued a $0.035 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 4.33%.

Hedge Funds Weigh In On Putnam Municipal Opportunities Trust

A number of hedge funds have recently added to or reduced their stakes in the stock. HighTower Advisors LLC bought a new position in shares of Putnam Municipal Opportunities Trust in the third quarter valued at approximately $267,000. Stifel Financial Corp raised its position in Putnam Municipal Opportunities Trust by 9.3% in the 3rd quarter. Stifel Financial Corp now owns 35,601 shares of the financial services provider's stock valued at $388,000 after buying an additional 3,040 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Putnam Municipal Opportunities Trust by 129.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 94,408 shares of the financial services provider's stock valued at $956,000 after acquiring an additional 53,322 shares in the last quarter. Rivernorth Capital Management LLC boosted its holdings in Putnam Municipal Opportunities Trust by 61.4% during the 3rd 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 last quarter. Finally, Park Avenue Securities LLC boosted its holdings in Putnam Municipal Opportunities Trust by 7.1% during the 4th quarter. Park Avenue Securities LLC now owns 112,497 shares of the financial services provider's stock worth $1,140,000 after acquiring an additional 7,450 shares during the last quarter. Institutional investors and hedge funds 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.