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

Putnam Municipal Opportunities Trust (NYSE:PMO) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totalling 2,300 shares, a decrease of 82.6% from the June 30th total of 13,200 shares. Based on an average daily volume of 95,100 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On Putnam Municipal Opportunities Trust

Institutional investors and hedge funds have recently bought and sold shares of the stock. Integrated Capital Management Inc. increased its position in shares of Putnam Municipal Opportunities Trust by 10.9% during the 2nd quarter. Integrated Capital Management Inc. now owns 18,399 shares of the financial services provider’s stock valued at $189,000 after purchasing an additional 1,805 shares during the last quarter. UMB Bank n.a. bought a new position in Putnam Municipal Opportunities Trust during the fourth quarter valued at approximately $28,000. International Assets Investment Management LLC raised its stake in shares of Putnam Municipal Opportunities Trust by 934.3% during the fourth quarter. International Assets Investment Management LLC now owns 11,781 shares of the financial services provider’s stock worth $1,152,000 after acquiring an additional 10,642 shares in the last quarter. Summit Trail Advisors LLC purchased a new position in shares of Putnam Municipal Opportunities Trust during the fourth quarter worth approximately $128,000. Finally, Nomura Holdings Inc. bought a new stake in shares of Putnam Municipal Opportunities Trust in the 4th quarter worth approximately $136,000. 20.40% of the stock is owned by hedge funds and other institutional investors.

Putnam Municipal Opportunities Trust Trading Up 0.3 %

Shares of PMO stock traded up $0.03 on Friday, reaching $10.39. The company’s stock had a trading volume of 21,493 shares, compared to its average volume of 117,995. Putnam Municipal Opportunities Trust has a 12-month low of $8.57 and a 12-month high of $10.57. The stock’s 50 day simple moving average is $10.16 and its 200-day simple moving average is $10.14.

Putnam Municipal Opportunities Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Wednesday, July 24th will be issued a dividend of $0.035 per share. This represents a $0.42 annualized dividend and a dividend yield of 4.04%. The ex-dividend date is Wednesday, July 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.