Short Interest in Putnam Municipal Opportunities Trust (NYSE:PMO) Decreases By 43.5%

Putnam Municipal Opportunities Trust (NYSE:PMO) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 7,800 shares, a drop of 43.5% from the March 31st total of 13,800 shares. Based on an average trading volume of 91,900 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Putnam Municipal Opportunities Trust

A number of hedge funds have recently modified their holdings of PMO. UMB Bank n.a. acquired a new stake in shares of Putnam Municipal Opportunities Trust during the 4th quarter worth about $28,000. Financial Network Wealth Management LLC bought a new position in shares of Putnam Municipal Opportunities Trust in the fourth quarter valued at approximately $115,000. Moody National Bank Trust Division acquired a new position in shares of Putnam Municipal Opportunities Trust in the 4th quarter worth approximately $119,000. Summit Trail Advisors LLC acquired a new position in shares of Putnam Municipal Opportunities Trust in the 4th quarter worth approximately $128,000. Finally, Simon Quick Advisors LLC bought a new stake in Putnam Municipal Opportunities Trust during the 4th quarter worth approximately $135,000. 20.40% of the stock is owned by institutional investors and hedge funds.

Putnam Municipal Opportunities Trust Price Performance

Shares of Putnam Municipal Opportunities Trust stock traded up $0.01 during trading on Friday, hitting $9.77. 53,313 shares of the company’s stock traded hands, compared to its average volume of 87,640. Putnam Municipal Opportunities Trust has a twelve month low of $8.57 and a twelve month high of $10.57. The firm’s fifty day moving average price is $10.10 and its 200 day moving average price is $9.96.

Putnam Municipal Opportunities Trust Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 24th will be issued a dividend of $0.035 per share. This represents a $0.42 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date of this dividend is Thursday, May 23rd.

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.