Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) Short Interest Down 88.1% in December

Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 1,300 shares, a decline of 88.1% from the November 30th total of 10,900 shares. Based on an average trading volume of 238,600 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On Nuveen Municipal Credit Opportunities Fund

Large investors have recently made changes to their positions in the business. World Investment Advisors LLC bought a new position in Nuveen Municipal Credit Opportunities Fund in the 3rd quarter worth approximately $552,000. HighTower Advisors LLC boosted its position in shares of Nuveen Municipal Credit Opportunities Fund by 8.9% during the third quarter. HighTower Advisors LLC now owns 14,435 shares of the company’s stock worth $169,000 after acquiring an additional 1,182 shares during the last quarter. Catalina Capital Group LLC grew its stake in Nuveen Municipal Credit Opportunities Fund by 53.9% during the third quarter. Catalina Capital Group LLC now owns 29,585 shares of the company’s stock valued at $345,000 after acquiring an additional 10,365 shares in the last quarter. PFG Investments LLC increased its holdings in Nuveen Municipal Credit Opportunities Fund by 154.7% in the 3rd quarter. PFG Investments LLC now owns 77,390 shares of the company’s stock valued at $903,000 after acquiring an additional 47,000 shares during the last quarter. Finally, Capital Investment Advisors LLC lifted its stake in Nuveen Municipal Credit Opportunities Fund by 1.6% in the 3rd quarter. Capital Investment Advisors LLC now owns 160,807 shares of the company’s stock worth $1,877,000 after purchasing an additional 2,557 shares in the last quarter.

Nuveen Municipal Credit Opportunities Fund Trading Up 0.4 %

Nuveen Municipal Credit Opportunities Fund stock traded up $0.04 during midday trading on Thursday, hitting $10.52. The stock had a trading volume of 401,843 shares, compared to its average volume of 218,939. Nuveen Municipal Credit Opportunities Fund has a 52-week low of $10.37 and a 52-week high of $12.20. The firm’s fifty day moving average is $11.07 and its two-hundred day moving average is $11.25.

Nuveen Municipal Credit Opportunities Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a dividend of $0.0685 per share. This is a boost from Nuveen Municipal Credit Opportunities Fund’s previous monthly dividend of $0.06. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 7.81%.

About Nuveen Municipal Credit Opportunities Fund

Nuveen Municipal Credit Opportunities Fund (NMCO) seeks to provide a high level of current income exempt from regular U.S. federal income tax and secondarily, total return. The Fund invests primarily in high yielding, low- to medium-quality municipal securities that, at the time of investment, are rated Baa/BBB or lower or, if unrated, are judged by the portfolio managers to be of comparable quality.