Putnam: Putnam Managed Municipal Income Trust (NYSE:PMM) Short Interest Up 133.3% in February

Putnam Managed Municipal Income Trust ( NYSE:PMM - Get Free Report ) was the recipient of a significant increase in short interest in February. As of February 28th, there was short interest totalling 27,300 shares, an increase of 133.3% from the February 13th total of 11,700 shares. Currently, 0.1% of the company's shares are short sold. Based on an average trading volume of 150,700 shares, the short-interest ratio is currently 0.2 days. Putnam Managed Municipal Income Trust Price Performance PMM opened at $6.18 on Friday. The business's 50-day moving average price is $6.20 and its two-hundred day moving average price is $6.27. Putnam Managed Municipal Income Trust has a 1 year low of $5.82 and a 1 year high of $6.61. Putnam Managed Municipal Income Trust Announces 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 paid a $0.0238 dividend. This represents a $0.29 annualized dividend and a dividend yield of 4.63%. The ex-dividend date of this dividend is Monday, March 17th. Insiders Place Their Bets Institutional Trading of Putnam Managed Municipal Income Trust A number of hedge funds and other institutional investors have recently modified their holdings of PMM. Ashton Thomas Securities LLC acquired a new stake in shares of Putnam Managed Municipal Income Trust in the third quarter valued at about $25,000. Sanctuary Advisors LLC acquired a new stake in shares of Putnam Managed Municipal Income Trust in the third quarter valued at about $70,000. Avior Wealth Management LLC increased its position in shares of Putnam Managed Municipal Income Trust by 235.9% in the fourth quarter. Avior Wealth Management LLC now owns 4,142 shares of the company's stock valued at $25,000 after acquiring an additional 2,909 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Putnam Managed Municipal Income Trust by 3.6% in the fourth quarter. Van ECK Associates Corp now owns 341,484 shares of the company's stock valued at $2,039,000 after acquiring an additional 11,828 shares during the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Putnam Managed Municipal Income Trust in the fourth quarter valued at about $350,000. Institutional investors and hedge funds own 13.54% of the company's stock. Putnam Managed Municipal Income Trust Company Profile ( Get Free Report ) Putnam Managed Municipal Income Trust is a close-ended fixed income mutual fund launched and managed by Putnam Investment Management LLC. It is co-managed by Putnam Investments Limited. The fund invests in the fixed income markets of the United States. It primarily invests in a diversified portfolio of tax-exempt municipal securities, including high-yield securities that are rated below investment grade. Featured Articles Five stocks we like better than Putnam Managed Municipal Income Trust EV Stocks and How to Profit from Them Ignore Reports, Apple Won't Install Starlink with iOS 18.3 What is the Nikkei 225 index? Casey's Uptrend Remains Strong-New Highs on the Horizon The 3 Best Fintech Stocks to Buy Now Taiwan Semiconductor's Huge U.S. Move-Stock Impact Ahead Receive News & Ratings for Putnam Managed Municipal Income Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Putnam Managed Municipal Income Trust and related companies with MarketBeat.com's FREE daily email newsletter .