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

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

Hedge Funds Weigh In On Putnam Municipal Opportunities Trust

Several large investors have recently modified their holdings of the stock. Blue Bell Private Wealth Management LLC bought a new stake in shares of Putnam Municipal Opportunities Trust during the 2nd quarter worth about $62,000. Nomura Holdings Inc. acquired a new stake in Putnam Municipal Opportunities Trust during the fourth quarter worth approximately $136,000. Cetera Advisors LLC bought a new stake in shares of Putnam Municipal Opportunities Trust during the first quarter worth approximately $155,000. Integrated Capital Management Inc. acquired a new position in shares of Putnam Municipal Opportunities Trust in the first quarter valued at approximately $169,000. Finally, Sunpointe LLC bought a new position in shares of Putnam Municipal Opportunities Trust during the second quarter worth approximately $216,000. 20.40% of the stock is owned by institutional investors.

Putnam Municipal Opportunities Trust Trading Up 0.8 %

Shares of NYSE PMO opened at $10.76 on Monday. Putnam Municipal Opportunities Trust has a 12 month low of $8.57 and a 12 month high of $10.76. The stock has a 50 day moving average of $10.44 and a 200-day moving average of $10.19.

Putnam Municipal Opportunities Trust Cuts Dividend

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

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.