Putnam Municipal Opportunities Trust (NYSE:PMO) Short Interest Down 54.4% in March

Putnam Municipal Opportunities Trust (NYSE:PMO) was the target of a large decrease in short interest in March. As of March 15th, there was short interest totalling 59,200 shares, a decrease of 54.4% from the February 28th total of 129,700 shares. Based on an average daily volume of 90,100 shares, the short-interest ratio is presently 0.7 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC bought a new stake in Putnam Municipal Opportunities Trust during the third quarter valued at $119,000. Citadel Advisors LLC grew its position in shares of Putnam Municipal Opportunities Trust by 9.5% during the 4th 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 during the period. Noble Wealth Management PBC bought a new stake in Putnam Municipal Opportunities Trust in the fourth quarter valued at $140,000. Avior Wealth Management LLC boosted its position in shares of Putnam Municipal Opportunities Trust by 28.7% during the 4th quarter. Avior Wealth Management LLC now owns 15,358 shares of the financial services provider’s stock worth $156,000 after purchasing an additional 3,426 shares in the last quarter. Finally, Integrated Capital Management Inc. increased its position in Putnam Municipal Opportunities Trust by 10.5% in the 4th quarter. Integrated Capital Management Inc. now owns 20,325 shares of the financial services provider’s stock valued at $206,000 after buying an additional 1,932 shares in the last quarter. Institutional investors and hedge funds own 20.40% of the company’s stock.

Putnam Municipal Opportunities Trust Stock Performance

Shares of NYSE:PMO traded down $0.01 during midday trading on Friday, hitting $10.15. 54,872 shares of the stock were exchanged, compared to its average volume of 93,229. The business’s 50-day moving average price is $10.48 and its 200 day moving average price is $10.49. Putnam Municipal Opportunities Trust has a 12 month low of $9.69 and a 12 month high of $10.96.

Putnam Municipal Opportunities Trust Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.035 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date is Monday, March 17th.

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.