Putnam Municipal Opportunities Trust (NYSE:PMO) Sees Significant Drop in Short Interest

Putnam Municipal Opportunities Trust (NYSE:PMO) saw a large drop in short interest during the month of July. As of July 15th, there was short interest totalling 2,300 shares, a drop of 82.6% from the June 30th total of 13,200 shares. Based on an average daily trading volume, of 95,100 shares, the short-interest ratio is presently 0.0 days.

Putnam Municipal Opportunities Trust Trading Down 0.1 %

NYSE:PMO traded down $0.01 during trading hours on Thursday, reaching $10.36. 67,716 shares of the stock were exchanged, compared to its average volume of 92,375. The firm has a 50 day simple moving average of $10.15 and a 200-day simple moving average of $10.14. Putnam Municipal Opportunities Trust has a 52 week low of $8.57 and a 52 week high of $10.57.

Putnam Municipal Opportunities Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, August 1st. Shareholders of record on Wednesday, July 24th will be issued a dividend of $0.035 per share. This represents a $0.42 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date is Wednesday, July 24th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. UMB Bank n.a. acquired a new stake in shares of Putnam Municipal Opportunities Trust during the 4th quarter worth approximately $28,000. International Assets Investment Management LLC raised its position in shares of Putnam Municipal Opportunities Trust by 934.3% during the 4th quarter. International Assets Investment Management LLC now owns 11,781 shares of the financial services provider’s stock worth $1,152,000 after purchasing an additional 10,642 shares during the period. Summit Trail Advisors LLC acquired a new stake in shares of Putnam Municipal Opportunities Trust during the 4th quarter worth approximately $128,000. Nomura Holdings Inc. acquired a new stake in shares of Putnam Municipal Opportunities Trust during the 4th quarter worth approximately $136,000. Finally, Spire Wealth Management acquired a new stake in shares of Putnam Municipal Opportunities Trust during the 4th quarter worth approximately $143,000. Institutional investors own 20.40% of the company’s stock.

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.