Putnam Municipal Opportunities Trust (NYSE:PMO) Sees Significant Drop in Short Interest

Putnam Municipal Opportunities Trust (NYSE:PMO) saw a significant drop in short interest in November. As of November 15th, there was short interest totalling 56,300 shares, a drop of 59.8% from the October 31st total of 140,100 shares. Based on an average trading volume of 100,900 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of Putnam Municipal Opportunities Trust

Hedge funds have recently made changes to their positions in the business. Blue Bell Private Wealth Management LLC purchased a new stake in shares of Putnam Municipal Opportunities Trust in the 2nd quarter worth approximately $62,000. Integrated Wealth Concepts LLC acquired a new stake in Putnam Municipal Opportunities Trust during the third quarter valued at $119,000. Avior Wealth Management LLC grew its position 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 valued at $130,000 after buying an additional 2,238 shares during the period. Fortitude Family Office LLC acquired a new stake in shares of Putnam Municipal Opportunities Trust in the third quarter valued at about $134,000. Finally, International Assets Investment Management LLC increased its position in shares of Putnam Municipal Opportunities Trust by 1,000.7% during the third quarter. International Assets Investment Management LLC now owns 12,944 shares of the financial services provider’s stock valued at $141,000 after acquiring an additional 11,768 shares during the last quarter. 20.40% of the stock is currently owned by hedge funds and other institutional investors.

Putnam Municipal Opportunities Trust Trading Up 1.9 %

NYSE:PMO traded up $0.20 during trading hours on Thursday, reaching $10.63. The company had a trading volume of 100,794 shares, compared to its average volume of 93,230. Putnam Municipal Opportunities Trust has a 52 week low of $9.69 and a 52 week high of $10.96. The firm’s 50 day moving average price is $10.60 and its 200-day moving average price is $10.41.

Putnam Municipal Opportunities Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 22nd will be paid a $0.035 dividend. This represents a $0.42 annualized dividend and a yield of 3.95%. The ex-dividend date is Friday, November 22nd.

About Putnam Municipal Opportunities Trust

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.