Short Interest in Putnam Municipal Opportunities Trust (NYSE:PMO) Expands By 61.6%

Putnam Municipal Opportunities Trust (NYSE:PMO) was the recipient of a significant growth in short interest in February. As of February 15th, there was short interest totalling 143,000 shares, a growth of 61.6% from the January 31st total of 88,500 shares. Based on an average trading volume of 101,800 shares, the short-interest ratio is currently 1.4 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PMO. Integrated Wealth Concepts LLC purchased a new stake in shares of Putnam Municipal Opportunities Trust in the 3rd quarter worth approximately $119,000. Citadel Advisors LLC raised its stake in Putnam Municipal Opportunities Trust by 9.5% in the fourth quarter. Citadel Advisors LLC now owns 12,176 shares of the financial services provider’s stock worth $123,000 after buying an additional 1,059 shares in the last quarter. Avior Wealth Management LLC lifted 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 buying an additional 2,238 shares during the period. Noble Wealth Management PBC bought a new stake in Putnam Municipal Opportunities Trust during the 4th quarter valued at $140,000. Finally, International Assets Investment Management LLC increased 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 acquiring an additional 11,768 shares during the period. 20.40% of the stock is currently owned by institutional investors.

Putnam Municipal Opportunities Trust Trading Down 1.5 %

PMO traded down $0.16 during trading on Tuesday, hitting $10.56. 61,162 shares of the stock were exchanged, compared to its average volume of 79,138. The firm has a 50 day simple moving average of $10.40 and a 200 day simple moving average of $10.51. Putnam Municipal Opportunities Trust has a 1 year low of $9.69 and a 1 year high of $10.96.

Putnam Municipal Opportunities Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 24th were paid a $0.035 dividend. This represents a $0.42 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date was Monday, February 24th.

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.