Short Interest in Putnam Mun Oppo (NYSE:PMO) Increases By 66.8%

Key Points

• Short interest in Putnam Mun Oppo (NYSE:PMO) rose by 66.8% in September, reaching a total of 37,700 shares from 22,600 shares in August.
• Several institutional investors increased their positions in Putnam Mun Oppo, including Karpus Management Inc. (133.0% increase) and Bank of America Corp DE (20.6% increase).
• Putnam Mun Oppo announced a monthly dividend of $0.0393 scheduled for payment on October 31st, offering a dividend yield of 4.6%.

Putnam Mun Oppo (NYSE:PMO - ) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 37,700 shares, an increase of 66.8% from the August 31st total of 22,600 shares. Based on an average daily trading volume, of 66,800 shares, the short-interest ratio is presently 0.6 days. Based on an average daily trading volume, of 66,800 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Osaic Holdings Inc. boosted its holdings in Putnam Mun Oppo by 5.5% during the second quarter. Osaic Holdings Inc. now owns 42,809 shares of the financial services provider's stock worth $423,000 after purchasing an additional 2,224 shares during the last quarter. Nomura Holdings Inc. purchased a new position in shares of Putnam Mun Oppo in the 2nd quarter worth approximately $99,000. Bank of America Corp DE grew its holdings in shares of Putnam Mun Oppo by 20.6% in the second quarter. Bank of America Corp DE now owns 152,349 shares of the financial services provider's stock valued at $1,507,000 after acquiring an additional 26,015 shares in the last quarter. Karpus Management Inc. increased its position in shares of Putnam Mun Oppo by 133.0% during the second quarter. Karpus Management Inc. now owns 231,992 shares of the financial services provider's stock valued at $2,294,000 after acquiring an additional 132,444 shares during the last quarter. Finally, Guggenheim Capital LLC lifted its holdings in Putnam Mun Oppo by 26.1% during the second quarter. Guggenheim Capital LLC now owns 604,966 shares of the financial services provider's stock worth $5,983,000 after acquiring an additional 125,200 shares during the period. 20.40% of the stock is owned by institutional investors.

Putnam Mun Oppo Stock Performance

NYSE PMO traded down $0.02 during mid-day trading on Monday, hitting $10.22. The company's stock had a trading volume of 72,680 shares, compared to its average volume of 58,716. The company's 50 day simple moving average is $10.04 and its 200 day simple moving average is $9.92. Putnam Mun Oppo has a twelve month low of $9.34 and a twelve month high of $10.93.

Putnam Mun Oppo Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 17th will be paid a $0.0393 dividend. The ex-dividend date is Friday, October 17th. This represents a c) annualized dividend and a dividend yield of 4.6%.

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.

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