Putnam Managed Municipal Income Trust (PMM) Short Interest Ratio & Short Volume

Short interest is the volume of Putnam Managed Municipal Income Trust shares that have been sold short but have not yet been covered or closed out. As of April 30th, investors have sold 52,200 shares of PMM short. Learn More on Putnam Managed Municipal Income Trust's current short interest.

Putnam Managed Municipal Income Trust saw a decline in short interest in the month of April. As of April 30th, there was short interest totaling 52,200 shares, a decline of 28.0% from the previous total of 72,500 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies in the industry of "investment offices, not elsewhere classified" compare to Putnam Managed Municipal Income Trust: MFS Multimarket Income Trust (0.12%), PIMCO Strategic Income Fund, Inc. (0.18%), Nuveen California Municipal Value Fund (0.04%), WhiteHorse Finance, Inc. (1.91%), MFS Intermediate Income Trust (0.03%), Cohen & Steers Total Return Realty Fund, Inc. (0.13%), Liberty All-Star Growth Fund, Inc. (0.10%), BlackRock Income Trust, Inc. (0.17%), Putnam Municipal Opportunities Trust (0.02%), BlackRock MuniHoldings New York Quality Fund, Inc. (0.05%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.98 billion), Occidental Petroleum Co. ($3.35 billion), Charter Communications, Inc. ($3.06 billion), General Motors ($2.88 billion), Moderna, Inc. ($2.32 billion), Tractor Supply ($2.27 billion), Royal Caribbean Cruises Ltd. ($2.22 billion), Coinbase Global, Inc. ($2.18 billion), Williams-Sonoma, Inc. ($1.95 billion), and Chesapeake Energy Co. ($1.52 billion). View all of the most shorted stocks.

Short selling PMM is an investing strategy that aims to generate trading profit from Putnam Managed Municipal Income Trust as its price is falling. PMM shares are trading down $0.01 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Putnam Managed Municipal Income Trust occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of PMM, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including PMM, twice per month. The most recent reporting period available is April, 30 2024.