Putnam Municipal Opportunities Trust (NYSE:PMO - Get Free Report) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 27,600 shares, a growth of 124.4% from the April 30th total of 12,300 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 83,700 shares, the short-interest ratio is presently 0.3 days.
Institutional Trading of Putnam Municipal Opportunities Trust
Hedge funds have recently bought and sold shares of the company. Wolverine Asset Management LLC bought a new position in Putnam Municipal Opportunities Trust in the first quarter worth $50,000. Elequin Capital LP bought a new position in shares of Putnam Municipal Opportunities Trust in the first quarter worth about $72,000. Olde Wealth Management LLC bought a new stake in Putnam Municipal Opportunities Trust during the 1st quarter valued at approximately $96,000. Citadel Advisors LLC grew its holdings in Putnam Municipal Opportunities Trust by 9.5% during the 4th quarter. Citadel Advisors LLC now owns 12,176 shares of the financial services provider's stock valued at $123,000 after buying an additional 1,059 shares in the last quarter. Finally, Noble Wealth Management PBC purchased a new position in Putnam Municipal Opportunities Trust during the 4th quarter valued at approximately $140,000. Institutional investors own 20.40% of the company's stock.
Putnam Municipal Opportunities Trust Trading Up 0.4%
Putnam Municipal Opportunities Trust stock traded up $0.04 during midday trading on Friday, reaching $9.82. The stock had a trading volume of 106,137 shares, compared to its average volume of 95,799. 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 $9.88 and its 200 day moving average price is $10.24.
Putnam Municipal Opportunities Trust Increases Dividend
The firm also recently disclosed a monthly dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were issued a dividend of $0.0393 per share. This is a positive change from Putnam Municipal Opportunities Trust's previous monthly dividend of $0.04. The ex-dividend date of this dividend was Monday, May 19th. This represents a $0.47 annualized dividend and a dividend yield of 4.80%.
About Putnam Municipal Opportunities Trust
(
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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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