Putnam Mun Oppo (NYSE:PMO – Get Free Report) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 51,578 shares, an increase of 91.3% from the June 30th total of 26,957 shares. Based on an average trading volume of 66,760 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.2% of the shares of the stock are sold short.
Putnam Mun Oppo Stock Down 0.2%
PMO opened at $10.28 on Thursday. Putnam Mun Oppo has a 52 week low of $9.72 and a 52 week high of $10.87. The business’s fifty day simple moving average is $10.56 and its 200 day simple moving average is $10.52.
Putnam Mun Oppo Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be issued a $0.033 dividend. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Monday, August 24th.
Institutional Investors Weigh In On Putnam Mun Oppo
About Putnam Mun Oppo
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.
Further Reading
- Five stocks we like better than Putnam Mun Oppo
- Why SK hynix Could Be the Best AI Chip Stock to Buy Now
- Seagate Technology Stock Surges as Earnings Beat Silences AI Doubters
- Alphabet Is Down 18% From Its High After a Stellar Quarter—Overdone, or More Downside Ahead?
- Why Bloom Energy May Be the Most Important AI Infrastructure Stock
Receive News & Ratings for Putnam Mun Oppo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Putnam Mun Oppo and related companies with MarketBeat.com's FREE daily email newsletter.
