Putnam Municipal Opportunities Trust (NYSE:PMO) Sees Large Decline in Short Interest

Putnam Municipal Opportunities Trust (NYSE:PMO) was the recipient of a significant drop in short interest in the month of January. As of January 15th, there was short interest totalling 10,200 shares, a drop of 85.3% from the December 31st total of 69,500 shares. Based on an average daily volume of 108,700 shares, the short-interest ratio is presently 0.1 days.

Putnam Municipal Opportunities Trust Price Performance

NYSE PMO traded down $0.06 during trading hours on Tuesday, hitting $10.29. 81,469 shares of the company were exchanged, compared to its average volume of 97,410. The company has a 50 day moving average of $10.34 and a two-hundred day moving average of $10.48. Putnam Municipal Opportunities Trust has a 52-week low of $9.69 and a 52-week high of $10.96.

Putnam Municipal Opportunities Trust Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 24th will be issued a $0.035 dividend. The ex-dividend date is Friday, January 24th. This represents a $0.42 annualized dividend and a yield of 4.08%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in PMO. Integrated Wealth Concepts LLC acquired a new stake in shares of Putnam Municipal Opportunities Trust during the 3rd quarter worth about $119,000. Avior Wealth Management LLC raised its holdings in Putnam Municipal Opportunities Trust by 23.1% during the third quarter. Avior Wealth Management LLC now owns 11,932 shares of the financial services provider’s stock worth $130,000 after purchasing an additional 2,238 shares in the last quarter. Fortitude Family Office LLC purchased a new stake in shares of Putnam Municipal Opportunities Trust during the 3rd quarter worth approximately $134,000. International Assets Investment Management LLC boosted its holdings in shares of Putnam Municipal Opportunities Trust by 1,000.7% in the 3rd quarter. International Assets Investment Management LLC now owns 12,944 shares of the financial services provider’s stock valued at $141,000 after buying an additional 11,768 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. purchased a new position in shares of Putnam Municipal Opportunities Trust in the 3rd quarter valued at $167,000. Institutional investors and hedge funds own 20.40% of the company’s stock.

Putnam Municipal Opportunities Trust Company Profile

Putnam Municipal Opportunities Trust is a closed ended fixed income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in fixed income markets of United States. The fund invests in companies operating across healthcare, utilities, transportation, water and sewer, and housing sectors.