Putnam Mun Oppo (NYSE:PMO) Short Interest Update

Putnam Mun Oppo (NYSE:PMO) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 28,235 shares, a decrease of 45.3% from the July 15th total of 51,578 shares. Based on an average trading volume of 59,641 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PMO. Rivernorth Capital Management LLC increased its holdings in shares of Putnam Mun Oppo by 60.4% in 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 purchasing an additional 258,198 shares in the last quarter. Advisors Asset Management Inc. increased its holdings in Putnam Mun Oppo by 42.3% in the fourth quarter. Advisors Asset Management Inc. now owns 598,344 shares of the financial services provider’s stock valued at $6,402,000 after buying an additional 177,794 shares in the last quarter. Worthington Financial Partners LLC acquired a new stake in shares of Putnam Mun Oppo during the 4th quarter valued at approximately $1,627,000. Karpus Management Inc. lifted its position 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 acquiring an additional 132,444 shares during the period. Finally, Wells Fargo & Company MN boosted its stake 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 acquiring an additional 92,359 shares in the last quarter. Hedge funds and other institutional investors own 20.40% of the company’s stock.

Putnam Mun Oppo Stock Down 0.4%

Putnam Mun Oppo stock traded down $0.04 during trading hours on Tuesday, reaching $10.46. 59,690 shares of the stock were exchanged, compared to its average volume of 65,505. The firm’s 50 day moving average is $10.55 and its 200 day moving average is $10.50. Putnam Mun Oppo has a 52-week low of $9.72 and a 52-week high of $10.87.

Putnam Mun Oppo Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 20th will be paid a dividend of $0.052 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend is Friday, November 20th.

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.