Short Interest in Putnam Mun Oppo (NYSE:PMO) Grows By 103.0%

Putnam Mun Oppo (NYSE:PMO) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 70,346 shares, an increase of 103.0% from the November 30th total of 34,649 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 98,934 shares, the days-to-cover ratio is currently 0.7 days. Based on an average trading volume of 98,934 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On Putnam Mun Oppo

A number of large investors have recently bought and sold shares of the business. Guggenheim Capital LLC raised its holdings in Putnam Mun Oppo by 26.1% during the second quarter. Guggenheim Capital LLC now owns 604,966 shares of the financial services provider’s stock worth $5,983,000 after acquiring an additional 125,200 shares in the last quarter. Pathstone Holdings LLC raised its stake in shares of Putnam Mun Oppo by 6.4% during the third quarter. Pathstone Holdings LLC now owns 563,544 shares of the financial services provider’s stock valued at $5,821,000 after acquiring an additional 33,826 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Putnam Mun Oppo by 36.9% during the third quarter. Advisors Asset Management Inc. now owns 420,550 shares of the financial services provider’s stock worth $4,344,000 after purchasing an additional 113,434 shares during the period. 1607 Capital Partners LLC grew its stake in shares of Putnam Mun Oppo by 5.5% in the first quarter. 1607 Capital Partners LLC now owns 382,761 shares of the financial services provider’s stock worth $3,900,000 after purchasing an additional 20,080 shares during the last quarter. Finally, Karpus Management Inc. increased its holdings in Putnam Mun Oppo by 133.0% in the second quarter. Karpus Management Inc. now owns 231,992 shares of the financial services provider’s stock valued at $2,294,000 after purchasing an additional 132,444 shares during the period. 20.40% of the stock is currently owned by institutional investors.

Putnam Mun Oppo Price Performance

Shares of Putnam Mun Oppo stock traded down $0.03 during midday trading on Monday, hitting $10.40. 19,619 shares of the company were exchanged, compared to its average volume of 76,102. The firm has a 50 day simple moving average of $10.40 and a 200-day simple moving average of $10.14. Putnam Mun Oppo has a 52 week low of $9.34 and a 52 week high of $10.80.

Putnam Mun Oppo Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 20th will be issued a dividend of $0.0393 per share. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Friday, February 20th.

About Putnam Mun Oppo

Putnam Municipal Opportunities Trust (NYSE: PMO) is a diversified closed-end management investment company that seeks to provide current income exempt from federal income tax with a secondary objective of capital preservation. Established in 1982 and advised by Putnam Investment Management, the Trust invests primarily in municipal securities issued by U.S. states, municipalities and their instrumentalities. Its strategy combines high-quality bonds with selectively chosen sectors in the municipal market to generate tax-advantaged income for shareholders.

The Trust’s portfolio generally comprises general obligation bonds, revenue bonds and insured municipal securities, as well as unrated issues judged by its adviser to possess equivalent credit quality.