Putnam Managed Municipal Income Trust (NYSE:PMM – Get Free Report) was the target of a large decline in short interest in June. As of June 15th, there was short interest totalling 29,300 shares, a decline of 13.8% from the May 31st total of 34,000 shares. Based on an average daily volume of 99,000 shares, the days-to-cover ratio is presently 0.3 days.
Putnam Managed Municipal Income Trust Price Performance
PMM opened at $6.20 on Friday. Putnam Managed Municipal Income Trust has a 52 week low of $5.00 and a 52 week high of $6.42. The firm has a 50-day simple moving average of $6.03 and a two-hundred day simple moving average of $6.07.
Putnam Managed Municipal Income Trust Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 24th will be issued a dividend of $0.0238 per share. This represents a $0.29 annualized dividend and a yield of 4.61%. The ex-dividend date of this dividend is Monday, June 24th.
Institutional Trading of Putnam Managed Municipal Income Trust
Putnam Managed Municipal Income Trust Company Profile
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.
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