Putnam Mun Oppo (NYSE:PMO – Get Free Report) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 23,288 shares, an increase of 78.4% from the May 31st total of 13,055 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 48,658 shares, the short-interest ratio is presently 0.5 days.
Institutional Trading of Putnam Mun Oppo
A number of hedge funds and other institutional investors have recently modified their holdings of PMO. Rivernorth Capital Management LLC boosted its position in shares of Putnam Mun Oppo by 60.4% during the 1st quarter. Rivernorth Capital Management LLC now owns 685,823 shares of the financial services provider’s stock valued at $7,064,000 after acquiring an additional 258,198 shares during the last quarter. Advisors Asset Management Inc. raised its stake in Putnam Mun Oppo by 42.3% during the fourth quarter. Advisors Asset Management Inc. now owns 598,344 shares of the financial services provider’s stock worth $6,402,000 after purchasing an additional 177,794 shares during the period. Worthington Financial Partners LLC acquired a new position in Putnam Mun Oppo in the 4th quarter valued at about $1,627,000. Karpus Management Inc. grew its stake in shares of Putnam Mun Oppo by 133.0% in the 2nd quarter. Karpus Management Inc. now owns 231,992 shares of the financial services provider’s stock valued at $2,294,000 after buying an additional 132,444 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in shares of Putnam Mun Oppo by 33.0% during the 4th quarter. Wells Fargo & Company MN now owns 372,017 shares of the financial services provider’s stock worth $3,981,000 after buying an additional 92,359 shares during the last quarter. 20.40% of the stock is owned by institutional investors and hedge funds.
Putnam Mun Oppo Stock Up 1.7%
NYSE:PMO opened at $10.72 on Thursday. Putnam Mun Oppo has a one year low of $9.71 and a one year high of $10.87. The stock has a 50 day moving average price of $10.48 and a 200 day moving average price of $10.51.
Putnam Mun Oppo Dividend Announcement
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.
Recommended Stories
- Five stocks we like better than Putnam Mun Oppo
- AirJoule Unveils Prime System, Clearing Path to Commercialization
- Copper Stocks Are Getting a Bigger Spotlight as Gold’s Rally Cracks
- Nike Q4 Beat Masks Core Weakness as Analysts Cut Price Targets
- Uber’s Waymo Detour Tests the Stock’s Robotaxi Bull Case
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.
