Putnam Municipal Opportunities Trust (NYSE:PMO) Short Interest Down 59.8% in November

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

Putnam Municipal Opportunities Trust Stock Performance

Shares of NYSE:PMO traded up $0.24 on Friday, reaching $10.87. 88,907 shares of the company’s stock were exchanged, compared to its average volume of 93,211. The company has a fifty day moving average of $10.60 and a 200-day moving average of $10.42. Putnam Municipal Opportunities Trust has a twelve month low of $9.69 and a twelve month high of $10.96.

Putnam Municipal Opportunities Trust Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 22nd will be given a dividend of $0.035 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $0.42 annualized dividend and a dividend yield of 3.86%.

Institutional Trading of Putnam Municipal Opportunities Trust

Several large investors have recently made changes to their positions in PMO. Blue Bell Private Wealth Management LLC acquired a new position in shares of Putnam Municipal Opportunities Trust during the second quarter worth $62,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Putnam Municipal Opportunities Trust during the 3rd quarter valued at $119,000. Avior Wealth Management LLC boosted its holdings in shares of Putnam Municipal Opportunities Trust by 23.1% during the 3rd quarter. Avior Wealth Management LLC now owns 11,932 shares of the financial services provider’s stock valued at $130,000 after acquiring an additional 2,238 shares in the last quarter. Fortitude Family Office LLC acquired a new stake in shares of Putnam Municipal Opportunities Trust during the 3rd quarter valued at $134,000. Finally, International Assets Investment Management LLC boosted its holdings in shares of Putnam Municipal Opportunities Trust by 1,000.7% during 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 in the last quarter. Institutional investors and hedge funds own 20.40% of the company’s stock.

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.