Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) saw a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 17,300 shares, a decline of 16.8% from the March 31st total of 20,800 shares. Based on an average daily volume of 163,900 shares, the days-to-cover ratio is presently 0.1 days.
Institutional investors and hedge funds have recently bought and sold shares of the stock. FNY Investment Advisers LLC acquired a new position in Nuveen Municipal Credit Opportunities Fund in the fourth quarter worth about $348,000. Kestra Advisory Services LLC acquired a new position in shares of Nuveen Municipal Credit Opportunities Fund in the 4th quarter worth approximately $901,000. Janney Montgomery Scott LLC increased its holdings in shares of Nuveen Municipal Credit Opportunities Fund by 30.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 23,613 shares of the company’s stock valued at $306,000 after acquiring an additional 5,485 shares during the last quarter. Robinson Capital Management LLC acquired a new stake in shares of Nuveen Municipal Credit Opportunities Fund during the 4th quarter valued at approximately $3,450,000. Finally, Stratos Wealth Partners LTD. lifted its stake in Nuveen Municipal Credit Opportunities Fund by 5.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 35,429 shares of the company’s stock worth $459,000 after purchasing an additional 1,966 shares during the last quarter.
Shares of NMCO traded up $0.12 during trading on Tuesday, reaching $14.90. The company’s stock had a trading volume of 268,933 shares, compared to its average volume of 174,062. The business’s fifty day moving average price is $14.32. Nuveen Municipal Credit Opportunities Fund has a twelve month low of $10.39 and a twelve month high of $15.00.
The business also recently declared a monthly dividend, which was paid on Monday, May 3rd. Investors of record on Thursday, April 15th were paid a $0.062 dividend. The ex-dividend date of this dividend was Wednesday, April 14th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 4.99%.
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