Short Interest in Putnam Municipal Opportunities Trust (NYSE:PMO) Declines By 84.6%

Putnam Municipal Opportunities Trust (NYSE:PMO) saw a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 9,100 shares, a decrease of 84.6% from the March 15th total of 59,200 shares. Based on an average trading volume of 85,200 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Putnam Municipal Opportunities Trust Trading Up 0.8 %

Putnam Municipal Opportunities Trust stock traded up $0.08 during midday trading on Tuesday, reaching $9.77. The stock had a trading volume of 49,803 shares, compared to its average volume of 94,114. Putnam Municipal Opportunities Trust has a 12 month low of $9.34 and a 12 month high of $10.96. The firm’s 50-day moving average price is $10.33 and its 200 day moving average price is $10.41.

Putnam Municipal Opportunities Trust Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, April 17th will be given a $0.035 dividend. This represents a $0.42 annualized dividend and a dividend yield of 4.30%. The ex-dividend date of this dividend is Thursday, April 17th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PMO. HighTower Advisors LLC purchased a new stake in shares of Putnam Municipal Opportunities Trust during the third quarter worth $267,000. Integrated Wealth Concepts LLC bought a new stake in shares of Putnam Municipal Opportunities Trust during the 3rd quarter valued at $119,000. Stifel Financial Corp lifted its holdings in Putnam Municipal Opportunities Trust by 9.3% during the 3rd quarter. Stifel Financial Corp now owns 35,601 shares of the financial services provider’s stock worth $388,000 after purchasing an additional 3,040 shares in the last quarter. Rivernorth Capital Management LLC boosted its stake in Putnam Municipal Opportunities Trust by 61.4% in the 3rd quarter. Rivernorth Capital Management LLC now owns 179,697 shares of the financial services provider’s stock worth $1,959,000 after purchasing an additional 68,382 shares during the period. Finally, Integrated Capital Management Inc. grew its holdings in Putnam Municipal Opportunities Trust by 10.5% during the 4th quarter. Integrated Capital Management Inc. now owns 20,325 shares of the financial services provider’s stock valued at $206,000 after buying an additional 1,932 shares in the last quarter. 20.40% of the stock is owned by institutional investors.

Putnam Municipal Opportunities Trust Company Profile

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.