Short Interest in Putnam Mun Oppo (NYSE:PMO) Expands By 91.3%

Putnam Mun Oppo (NYSE:PMO) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 51,578 shares, a growth of 91.3% from the June 30th total of 26,957 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 66,760 shares, the days-to-cover ratio is currently 0.8 days.

Putnam Mun Oppo Stock Down 0.2%

NYSE PMO opened at $10.28 on Thursday. Putnam Mun Oppo has a 1-year low of $9.72 and a 1-year high of $10.87. The business’s 50-day simple moving average is $10.56 and its 200-day simple moving average is $10.52.

Putnam Mun Oppo Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be issued a $0.033 dividend. The ex-dividend date is Monday, August 24th. This represents a c) annualized dividend and a yield of 3.9%.

Institutional Investors Weigh In On Putnam Mun Oppo

Institutional investors have recently bought and sold shares of the business. Rivernorth Capital Management LLC increased its position in shares of Putnam Mun Oppo by 60.4% in the first quarter. Rivernorth Capital Management LLC now owns 685,823 shares of the financial services provider’s stock worth $7,064,000 after acquiring an additional 258,198 shares in the last quarter. Worthington Financial Partners LLC acquired a new position in shares of Putnam Mun Oppo during the 4th quarter valued at $1,627,000. HighTower Advisors LLC lifted its holdings in shares of Putnam Mun Oppo by 15.6% during the 4th quarter. HighTower Advisors LLC now owns 24,112 shares of the financial services provider’s stock valued at $258,000 after acquiring an additional 3,256 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Putnam Mun Oppo by 16.6% during the 1st quarter. Royal Bank of Canada now owns 22,246 shares of the financial services provider’s stock valued at $226,000 after acquiring an additional 3,162 shares in the last quarter. Finally, Jane Street Group LLC boosted its position in Putnam Mun Oppo by 9.0% during the 4th quarter. Jane Street Group LLC now owns 12,965 shares of the financial services provider’s stock worth $139,000 after purchasing an additional 1,071 shares during the period. 20.40% of the stock is currently owned by hedge funds and other institutional investors.

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.