Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) Short Interest Up 5,415.4% in January

Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 71,700 shares, a growth of 5,415.4% from the December 31st total of 1,300 shares. Based on an average trading volume of 257,600 shares, the short-interest ratio is presently 0.3 days.

Nuveen Municipal Credit Opportunities Fund Stock Performance

Shares of NMCO stock opened at $10.93 on Wednesday. Nuveen Municipal Credit Opportunities Fund has a one year low of $10.37 and a one year high of $12.20. The firm’s 50 day moving average price is $10.85 and its 200-day moving average price is $11.21.

Nuveen Municipal Credit Opportunities Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be paid a dividend of $0.0685 per share. This represents a $0.82 annualized dividend and a yield of 7.52%. The ex-dividend date of this dividend is Wednesday, January 15th.

Hedge Funds Weigh In On Nuveen Municipal Credit Opportunities Fund

Institutional investors have recently modified their holdings of the business. Kingswood Wealth Advisors LLC increased its holdings in shares of Nuveen Municipal Credit Opportunities Fund by 9.5% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 23,090 shares of the company’s stock valued at $245,000 after acquiring an additional 2,000 shares during the last quarter. Sonora Investment Management Group LLC acquired a new position in Nuveen Municipal Credit Opportunities Fund in the fourth quarter valued at approximately $128,000. PFG Investments LLC increased its stake in Nuveen Municipal Credit Opportunities Fund by 2.7% in the fourth quarter. PFG Investments LLC now owns 79,502 shares of the company’s stock valued at $844,000 after purchasing an additional 2,112 shares during the last quarter. Melone Private Wealth LLC raised its holdings in Nuveen Municipal Credit Opportunities Fund by 1.9% during the fourth quarter. Melone Private Wealth LLC now owns 531,644 shares of the company’s stock worth $5,641,000 after purchasing an additional 9,737 shares in the last quarter. Finally, World Investment Advisors LLC acquired a new stake in Nuveen Municipal Credit Opportunities Fund during the third quarter worth approximately $552,000.

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.