Putnam Muni Opportunity Trust (PMO) CEF "disconnecting" a bit

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Back in December when people were fearful of rate hikes and there was tons of year-end tax loss selling, I screened the universe of muni closed end funds (CEFs) that were low or zero leverage and, for the most part, were holding quality assets. The primary screen I was seeking was unusually large discount-to-NAV.

The three I started purchasing were PMO             , MHF, and MUA. ( PMO             was the only one I purchased that uses leverage.) I have been watching these three and their discount-to-NAV (as shown on cefconnect.com).

PMO             pulled away this week with the highest discount to NAV             since December. As mentioned on my Seeking Alpha StockTalk, I picked some up on Tuesday at $11.40 taking my average to $11.01. I'm continuing to watch and see if it drops again.

Disclosure: Long PMO             , MHF, and MUA.
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