Putnam Municipal Opportunities Trust (NYSE:PMO) Short Interest Update

Putnam Municipal Opportunities Trust (NYSE:PMO - Get Free Report) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totalling 1,580,000 shares, a growth of 6,891.2% from the March 15th total of 22,600 shares. Based on an average daily volume of 122,000 shares, the short-interest ratio is currently 13.0 days.

Hedge Funds Weigh In On Putnam Municipal Opportunities Trust

Several institutional investors have recently modified their holdings of the business. Raymond James & Associates grew its holdings in Putnam Municipal Opportunities Trust by 20.8% during the first quarter. Raymond James & Associates now owns 243,734 shares of the financial services provider's stock valued at $2,840,000 after purchasing an additional 42,034 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in Putnam Municipal Opportunities Trust by 2.8% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 123,430 shares of the financial services provider's stock valued at $1,438,000 after purchasing an additional 3,380 shares during the period. Bank of Montreal Can bought a new position in Putnam Municipal Opportunities Trust during the first quarter valued at $263,000. NewEdge Advisors LLC grew its holdings in Putnam Municipal Opportunities Trust by 39.1% during the first quarter. NewEdge Advisors LLC now owns 46,761 shares of the financial services provider's stock valued at $544,000 after purchasing an additional 13,150 shares during the period. Finally, Worth Asset Management LLC bought a new position in Putnam Municipal Opportunities Trust during the first quarter valued at $169,000. 20.40% of the stock is owned by institutional investors.

Putnam Municipal Opportunities Trust Stock Performance

Shares of PMO stock traded down $0.12 during trading on Wednesday, hitting $9.82. The company's stock had a trading volume of 117,865 shares, compared to its average volume of 93,899. The business has a fifty day moving average of $10.24 and a 200-day moving average of $9.90. Putnam Municipal Opportunities Trust has a 52 week low of $8.57 and a 52 week high of $10.59.

Putnam Municipal Opportunities Trust Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 24th will be issued a $0.035 dividend. This represents a $0.42 annualized dividend and a dividend yield of 4.28%. The ex-dividend date of this dividend is Tuesday, April 23rd.

About Putnam Municipal Opportunities Trust

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.

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