Putnam Mun Oppo (NYSE:PMO) Sees Large Decline in Short Interest

Putnam Mun Oppo (NYSE:PMO) saw a significant decline in short interest in December. As of December 31st, there was short interest totaling 57,024 shares, a decline of 18.9% from the December 15th total of 70,346 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 109,439 shares, the short-interest ratio is currently 0.5 days. Based on an average trading volume of 109,439 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the shares of the stock are short sold.

Hedge Funds Weigh In On Putnam Mun Oppo

Institutional investors have recently added to or reduced their stakes in the business. Karpus Management Inc. grew its holdings in shares of Putnam Mun Oppo by 133.0% during the 2nd quarter. Karpus Management Inc. now owns 231,992 shares of the financial services provider’s stock valued at $2,294,000 after purchasing an additional 132,444 shares during the last quarter. Guggenheim Capital LLC grew its holdings in shares of Putnam Mun Oppo by 26.1% in the second quarter. Guggenheim Capital LLC now owns 604,966 shares of the financial services provider’s stock worth $5,983,000 after purchasing an additional 125,200 shares during the last quarter. Park Avenue Securities LLC bought a new position in shares of Putnam Mun Oppo in the second quarter worth approximately $1,127,000. Advisors Asset Management Inc. increased its stake in shares of Putnam Mun Oppo by 36.9% in the third quarter. Advisors Asset Management Inc. now owns 420,550 shares of the financial services provider’s stock worth $4,344,000 after buying an additional 113,434 shares during the period. Finally, Hennion & Walsh Asset Management Inc. raised its holdings in Putnam Mun Oppo by 15.8% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 518,691 shares of the financial services provider’s stock valued at $5,550,000 after buying an additional 70,735 shares during the last quarter. 20.40% of the stock is currently owned by institutional investors.

Putnam Mun Oppo Stock Performance

NYSE PMO traded down $0.06 on Tuesday, hitting $10.53. The stock had a trading volume of 168,649 shares, compared to its average volume of 89,206. The firm has a 50-day moving average of $10.49 and a 200-day moving average of $10.23. Putnam Mun Oppo has a 52-week low of $9.34 and a 52-week high of $10.80.

Putnam Mun Oppo Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be given a $0.0393 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Friday, February 20th.

Putnam Mun Oppo Company Profile

Putnam Municipal Opportunities Trust (NYSE: PMO) is a diversified closed-end management investment company that seeks to provide current income exempt from federal income tax with a secondary objective of capital preservation. Established in 1982 and advised by Putnam Investment Management, the Trust invests primarily in municipal securities issued by U.S. states, municipalities and their instrumentalities. Its strategy combines high-quality bonds with selectively chosen sectors in the municipal market to generate tax-advantaged income for shareholders.

The Trust’s portfolio generally comprises general obligation bonds, revenue bonds and insured municipal securities, as well as unrated issues judged by its adviser to possess equivalent credit quality.