Short Interest in Putnam Municipal Opportunities Trust (NYSE:PMO) Increases By 124.4%

Putnam Municipal Opportunities Trust (NYSE:PMO - Get Free Report) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 27,600 shares, an increase of 124.4% from the April 30th total of 12,300 shares. Based on an average daily trading volume, of 83,700 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Trading of Putnam Municipal Opportunities Trust

Several institutional investors and hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its holdings in shares of Putnam Municipal Opportunities Trust by 129.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 94,408 shares of the financial services provider's stock worth $956,000 after purchasing an additional 53,322 shares during the period. HighTower Advisors LLC grew its position in Putnam Municipal Opportunities Trust by 26.9% during the fourth quarter. HighTower Advisors LLC now owns 31,845 shares of the financial services provider's stock worth $323,000 after buying an additional 6,750 shares in the last quarter. Van ECK Associates Corp increased its stake in Putnam Municipal Opportunities Trust by 2.7% in the 4th quarter. Van ECK Associates Corp now owns 233,858 shares of the financial services provider's stock worth $2,369,000 after acquiring an additional 6,217 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Putnam Municipal Opportunities Trust by 14.7% in the 4th quarter. Wells Fargo & Company MN now owns 151,244 shares of the financial services provider's stock valued at $1,532,000 after acquiring an additional 19,437 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Putnam Municipal Opportunities Trust in the 4th quarter valued at about $916,000. 20.40% of the stock is currently owned by hedge funds and other institutional investors.

Putnam Municipal Opportunities Trust Trading Down 0.1%

Shares of Putnam Municipal Opportunities Trust stock traded down $0.01 on Tuesday, reaching $9.79. The stock had a trading volume of 22,915 shares, compared to its average volume of 95,348. The business's 50 day moving average is $9.87 and its two-hundred day moving average is $10.23. Putnam Municipal Opportunities Trust has a 1 year low of $9.34 and a 1 year high of $10.96.

Putnam Municipal Opportunities Trust Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were issued a dividend of $0.0393 per share. This represents a $0.47 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date of this dividend was Monday, May 19th. This is a positive change from Putnam Municipal Opportunities Trust's previous monthly dividend of $0.04.

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.