Putnam Municipal Opportunities Trust (NYSE:PMO) Short Interest Down 21.2% in August

Putnam Municipal Opportunities Trust (NYSE:PMO) saw a significant decline in short interest in August. As of August 31st, there was short interest totalling 2,600 shares, a decline of 21.2% from the August 15th total of 3,300 shares. Based on an average daily volume of 95,000 shares, the short-interest ratio is presently 0.0 days.

Putnam Municipal Opportunities Trust Stock Up 0.8 %

PMO stock opened at $10.76 on Monday. The business has a 50-day moving average of $10.44 and a 200-day moving average of $10.19. Putnam Municipal Opportunities Trust has a fifty-two week low of $8.57 and a fifty-two week high of $10.76.

Putnam Municipal Opportunities Trust Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th will be paid a dividend of $0.035 per share. The ex-dividend date is Tuesday, September 24th. This represents a $0.42 annualized dividend and a dividend yield of 3.90%.

Institutional Trading of Putnam Municipal Opportunities Trust

Institutional investors have recently made changes to their positions in the business. Nomura Holdings Inc. bought a new position in Putnam Municipal Opportunities Trust in the fourth quarter valued at $136,000. Park Avenue Securities LLC acquired a new stake in shares of Putnam Municipal Opportunities Trust in the first quarter valued at about $1,177,000. Integrated Capital Management Inc. acquired a new stake in shares of Putnam Municipal Opportunities Trust in the first quarter valued at about $169,000. Robinson Capital Management LLC raised its holdings in Putnam Municipal Opportunities Trust by 3.6% during the first quarter. Robinson Capital Management LLC now owns 935,354 shares of the financial services provider’s stock worth $9,148,000 after acquiring an additional 32,407 shares in the last quarter. Finally, Cetera Advisors LLC acquired a new position in Putnam Municipal Opportunities Trust during the first quarter valued at approximately $155,000. Institutional investors own 20.40% of the company’s stock.

About Putnam Municipal Opportunities Trust

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.