Putnam Mun Oppo (NYSE:PMO) Sees Significant Drop in Short Interest

Putnam Mun Oppo (NYSE:PMO) saw a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 11,723 shares, a decrease of 62.0% from the April 15th total of 30,831 shares. Based on an average daily volume of 75,021 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Putnam Mun Oppo Stock Performance

PMO stock traded down $0.07 during trading on Friday, hitting $10.41. 97,532 shares of the stock traded hands, compared to its average volume of 74,663. Putnam Mun Oppo has a 1 year low of $9.70 and a 1 year high of $10.87. The firm’s 50 day moving average is $10.40 and its two-hundred day moving average is $10.49.

Putnam Mun Oppo Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be given a dividend of $0.033 per share. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Monday, August 24th.

Institutional Trading of Putnam Mun Oppo

Institutional investors have recently bought and sold shares of the company. Advisors Asset Management Inc. grew its position in Putnam Mun Oppo by 36.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 420,550 shares of the financial services provider’s stock valued at $4,344,000 after purchasing an additional 113,434 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of 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 acquiring an additional 70,735 shares during the last quarter. Smith Moore & CO. boosted its holdings in shares of Putnam Mun Oppo by 60.6% during the 3rd quarter. Smith Moore & CO. now owns 125,303 shares of the financial services provider’s stock valued at $1,294,000 after acquiring an additional 47,300 shares during the last quarter. Westview Management dba Westview Investment Advisors purchased a new stake in shares of Putnam Mun Oppo during the 4th quarter valued at about $164,000. Finally, Invesco Ltd. boosted its holdings in shares of Putnam Mun Oppo by 228.4% during the 2nd quarter. Invesco Ltd. now owns 78,733 shares of the financial services provider’s stock valued at $779,000 after acquiring an additional 54,761 shares during the last quarter. 20.40% of the stock is owned by hedge funds and other institutional investors.

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.