Putnam Municipal Opportunities Trust (NYSE:PMO) Short Interest Down 54.4% in March

Putnam Municipal Opportunities Trust (NYSE:PMO) was the target of a large drop in short interest in 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. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 90,100 shares, the days-to-cover ratio is presently 0.7 days.

Putnam Municipal Opportunities Trust Trading Down 0.0 %

Shares of PMO traded down $0.01 during trading hours on Friday, hitting $10.15. The company had a trading volume of 54,872 shares, compared to its average volume of 93,229. Putnam Municipal Opportunities Trust has a one year low of $9.69 and a one year high of $10.96. The company’s fifty day moving average price is $10.48 and its two-hundred day moving average price is $10.49.

Putnam Municipal Opportunities Trust Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.035 per share. This represents a $0.42 annualized dividend and a dividend yield of 4.14%. The ex-dividend date is Monday, March 17th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Leigh Baldwin & CO. LLC purchased a new stake in Putnam Municipal Opportunities Trust during the fourth quarter valued at approximately $252,000. Nomura Holdings Inc. increased its position in shares of Putnam Municipal Opportunities Trust by 172.5% during the fourth quarter. Nomura Holdings Inc. now owns 29,972 shares of the financial services provider’s stock worth $304,000 after purchasing an additional 18,975 shares in the last quarter. Citadel Advisors LLC lifted its holdings in shares of Putnam Municipal Opportunities Trust by 9.5% during the 4th quarter. Citadel Advisors LLC now owns 12,176 shares of the financial services provider’s stock valued at $123,000 after purchasing an additional 1,059 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Putnam Municipal Opportunities Trust during the 4th quarter valued at $318,000. Finally, Stifel Financial Corp boosted its position in shares of Putnam Municipal Opportunities Trust by 3.1% in the 4th quarter. Stifel Financial Corp now owns 36,713 shares of the financial services provider’s stock worth $372,000 after purchasing an additional 1,112 shares in the last quarter. Hedge funds and other institutional investors own 20.40% of the company’s stock.

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.