Investors are feeling more bullish on shares of the company of late as implied by the decrease in short interest. The stock saw a fall in short interest from August 15, 2017 to August 31, 2017 of -19.85%. Short shares fell 3,320 over that period.
The following firms have recently changed their position in PMO. As of the end of the quarter Robinson Capital Management, LLC had sold a total of 56,662 shares trimming its position 11.0%. The value of the investment in PMO decreased from $6,200,000 to $5,745,000 a change of 7.3% for the reporting period. As of quarter end Ubs Group Ag had acquired 6,481 shares growing its stake by 5.5%. The value of the investment in (PMO) went from $1,418,000 to $1,557,000 a change of $139,000 quarter to quarter.
As of the end of the quarter Fiera Capital Corp had sold a total of 250,429 shares trimming its holdings by 66.0%. The value of the total investment in Putnam Municipal Opportunities decreased from $4,554,000 to $1,609,000 decreasing 64.7% since the last quarter. Capital Investment Advisors, LLC expanded its position by buying 700 shares an increase of 0.8% as of 06/30/2017. Capital Investment Advisors, LLC now controls 91,887 shares worth $1,149,000. The value of the position overall is up by 4.9%.
In the market the company is trading unchanged from yesterday’s close of 12.80. Company shares are trading at $12.80 barely above the 50 day moving average of $12.64 and which is just a bit higher than the 200 day moving average of $12.41. The 50 day moving average moved up $0.16 whereas the 200 day moving average was up $0.39 or +3.18%.
Putnam Municipal Opportunities Trust (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to provide a high level of current income exempt from federal income tax. Putnam Municipal Opportunities Trust invests in investment-grade and some below investment-grade municipal bonds. In February 2008, the Fund acquired Putnam Investment Grade Municipal Trust and Putnam Municipal Bond Fund..