Short Interest in Putnam Municipal Opportunities Trust (NYSE:PMO) Decreases By 54.4%

Putnam Municipal Opportunities Trust (NYSE:PMO) was the recipient of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 59,200 shares, a drop of 54.4% from the February 28th total of 129,700 shares. Based on an average trading volume of 90,100 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.2% of the company’s shares are sold short.

Institutional Investors Weigh In On Putnam Municipal Opportunities Trust

Institutional investors and hedge funds have recently modified their holdings of the business. Integrated Wealth Concepts LLC purchased a new stake in Putnam Municipal Opportunities Trust in the third quarter worth $119,000. Citadel Advisors LLC grew its holdings in shares of Putnam Municipal Opportunities Trust by 9.5% in the fourth quarter. Citadel Advisors LLC now owns 12,176 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 1,059 shares during the last quarter. Noble Wealth Management PBC purchased a new position in Putnam Municipal Opportunities Trust in the 4th quarter worth about $140,000. Avior Wealth Management LLC lifted its holdings in Putnam Municipal Opportunities Trust by 28.7% during the 4th quarter. Avior Wealth Management LLC now owns 15,358 shares of the financial services provider’s stock valued at $156,000 after buying an additional 3,426 shares in the last quarter. Finally, Integrated Capital Management Inc. boosted its position in Putnam Municipal Opportunities Trust by 10.5% in the 4th quarter. Integrated Capital Management Inc. now owns 20,325 shares of the financial services provider’s stock valued at $206,000 after buying an additional 1,932 shares during the period. 20.40% of the stock is owned by institutional investors.

Putnam Municipal Opportunities Trust Stock Performance

NYSE:PMO traded down $0.01 during mid-day trading on Friday, hitting $10.15. 54,872 shares of the stock traded hands, compared to its average volume of 93,229. Putnam Municipal Opportunities Trust has a 52 week low of $9.69 and a 52 week high of $10.96. The firm’s 50 day moving average is $10.48 and its two-hundred day moving average is $10.49.

Putnam Municipal Opportunities Trust Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.035 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 4.14%.

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.