Putnam Mun Oppo (NYSE:PMO) Short Interest Update

Key Points

• Putnam Mun Oppo's (NYSE:PMO) short interest surged by 85.8% in July, climbing to a total of 23,600 shares from 12,700 shares at the end of June.
• The company recently paid a monthly dividend of $0.0393 per share, resulting in an annualized yield of 4.8%.
• Institutional investors hold 20.40% of Putnam Mun Oppo's stock, with several hedge funds acquiring new stakes during the second quarter.

Putnam Mun Oppo (NYSE:PMO - Get Free Report) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 23,600 shares, agrowthof85.8% from the June 30th total of 12,700 shares. Based on an average trading volume of 73,200 shares, the days-to-cover ratio is currently 0.3 days. Based on an average trading volume of 73,200 shares, the days-to-cover ratio is currently 0.3 days.

Putnam Mun Oppo Stock Down 0.4%

Putnam Mun Oppo stock traded down $0.04 during trading on Friday, reaching $9.81. The stock had a trading volume of 82,653 shares, compared to its average volume of 60,283. Putnam Mun Oppo has a 52-week low of $9.34 and a 52-week high of $10.96. The business has a 50 day moving average price of $9.82 and a 200 day moving average price of $10.05.

Putnam Mun Oppo Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 28th. Investors of record on Monday, November 17th will be paid a $0.0393 dividend. The ex-dividend date is Monday, November 17th. This represents a c) dividend on an annualized basis and a yield of 4.8%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PMO. CX Institutional acquired a new stake in Putnam Mun Oppo during the second quarter worth approximately $29,000. ST Germain D J Co. Inc. acquired a new stake in Putnam Mun Oppo during the second quarter worth approximately $30,000. Duncker Streett & Co. Inc. acquired a new stake in Putnam Mun Oppo during the second quarter worth approximately $48,000. Wolverine Asset Management LLC acquired a new stake in Putnam Mun Oppo during the first quarter worth approximately $50,000. Finally, Elequin Capital LP acquired a new stake in Putnam Mun Oppo during the first quarter worth approximately $72,000. Hedge funds and other institutional investors own 20.40% of the company's stock.

About Putnam Mun Oppo

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.