Putnam Mun Oppo (NYSE:PMO) Short Interest Down 45.3% in May

Putnam Mun Oppo (NYSE:PMO - Get Free Report) was the target of a significant decline in short interest in May. As of May 31st, there was short interest totalling 15,100 shares, a decline of 45.3% from the May 15th total of 27,600 shares. Based on an average trading volume of 88,000 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company's stock are short sold.

Institutional Investors Weigh In On Putnam Mun Oppo

A number of institutional investors and hedge funds have recently modified their holdings of the business. Advisors Asset Management Inc. increased its position in shares of Putnam Mun Oppo by 92.2% during the fourth quarter. Advisors Asset Management Inc. now owns 291,314 shares of the financial services provider's stock worth $2,951,000 after purchasing an additional 139,739 shares in the last quarter. 1607 Capital Partners LLC lifted its position in shares of Putnam Mun Oppo by 54.1% in the fourth quarter. 1607 Capital Partners LLC now owns 362,681 shares of the financial services provider's stock valued at $3,674,000 after acquiring an additional 127,300 shares in the last quarter. Intellus Advisors LLC acquired a new position in Putnam Mun Oppo during the fourth quarter worth about $1,286,000. Hennion & Walsh Asset Management Inc. grew its holdings in Putnam Mun Oppo by 32.7% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 457,293 shares of the financial services provider's stock valued at $4,660,000 after buying an additional 112,761 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Putnam Mun Oppo during the 4th quarter worth approximately $916,000. 20.40% of the stock is owned by institutional investors.

Putnam Mun Oppo Stock Down 0.2%

Shares of PMO traded down $0.02 during mid-day trading on Wednesday, hitting $9.81. 51,421 shares of the company traded hands, compared to its average volume of 94,498. Putnam Mun Oppo has a 1 year low of $9.34 and a 1 year high of $10.96. The stock has a 50-day moving average price of $9.83 and a two-hundred day moving average price of $10.18.

Putnam Mun Oppo Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a $0.0393 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.47 dividend on an annualized basis and a dividend yield of 4.81%.

Putnam Mun Oppo 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.