Putnam Mun Oppo (NYSE:PMO) Short Interest Update

Putnam Mun Oppo (NYSE:PMO) saw a significant drop in short interest in September. As of September 15th, there was short interest totaling 13,680 shares, a drop of 36.9% from the August 31st total of 21,694 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 55,271 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Robinson Capital Management LLC raised its position in shares of Putnam Mun Oppo by 11.6% in the 2nd quarter. Robinson Capital Management LLC now owns 645,263 shares of the financial services provider’s stock worth $6,801,000 after acquiring an additional 66,992 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Putnam Mun Oppo during the 2nd quarter valued at $76,000. Oakmont Investment Advisors Inc. purchased a new position in Putnam Mun Oppo in the 2nd quarter worth approximately $105,000. Noble Wealth Management PBC increased its position in Putnam Mun Oppo by 92.9% in the second quarter. Noble Wealth Management PBC now owns 82,471 shares of the financial services provider’s stock worth $869,000 after buying an additional 39,721 shares during the period. Finally, Rivernorth Capital Management LLC boosted its stake in 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 worth $7,064,000 after purchasing an additional 258,198 shares during the period. 20.40% of the stock is owned by institutional investors.

Putnam Mun Oppo Stock Performance

Shares of Putnam Mun Oppo stock traded up $0.05 during trading on Friday, hitting $9.19. 43,323 shares of the stock traded hands, compared to its average volume of 71,568. The stock’s fifty day simple moving average is $10.02 and its 200 day simple moving average is $10.31. Putnam Mun Oppo has a 52-week low of $8.87 and a 52-week high of $10.87.

Putnam Mun Oppo Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 20th will be given a $0.0520 dividend. This represents a $0.62 annualized dividend and a dividend yield of 6.8%. The ex-dividend date of this dividend is Friday, November 20th.

Putnam Mun Oppo Company Profile

Putnam Municipal Opportunities Trust (NYSE: PMO) is a closed-end management investment company designed to provide current income that is generally exempt from federal income tax. The trust invests primarily in municipal securities issued by states, municipalities, and other public entities in the United States.

Its portfolio may include general obligation and revenue bonds, as well as other tax-exempt debt instruments used to finance public infrastructure and services. The trust’s investments can span municipal issuers across various U.S.