Putnam Mun Oppo (NYSE:PMO) Short Interest Up 78.4% in June

Putnam Mun Oppo (NYSE:PMO) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 23,288 shares, a growth of 78.4% from the May 31st total of 13,055 shares. Based on an average daily volume of 48,658 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.1% of the company’s shares are short sold.

Putnam Mun Oppo Stock Up 1.7%

Shares of Putnam Mun Oppo stock opened at $10.72 on Thursday. Putnam Mun Oppo has a 52 week low of $9.71 and a 52 week high of $10.87. The business’s fifty day simple moving average is $10.48 and its 200-day simple moving average is $10.51.

Putnam Mun Oppo Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be given a $0.033 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a c) dividend on an annualized basis and a yield of 3.7%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Elyxium Wealth LLC acquired a new stake in shares of Putnam Mun Oppo during the fourth quarter valued at about $44,000. Fifth Third Bancorp lifted its holdings in shares of Putnam Mun Oppo by 269.4% in the 1st quarter. Fifth Third Bancorp now owns 9,379 shares of the financial services provider’s stock worth $97,000 after acquiring an additional 6,840 shares during the last quarter. Nomura Holdings Inc. purchased a new position in shares of Putnam Mun Oppo during the 2nd quarter worth approximately $99,000. Citadel Advisors LLC purchased a new position in shares of Putnam Mun Oppo during the 3rd quarter worth approximately $106,000. Finally, MML Investors Services LLC acquired a new stake in Putnam Mun Oppo in the 4th quarter valued at approximately $107,000. Hedge funds and other institutional investors own 20.40% of the company’s stock.

Putnam Mun Oppo Company Profile

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.