Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Short Interest Update

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) saw a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 112,000 shares, a decrease of 33.9% from the February 13th total of 169,400 shares. Based on an average daily trading volume, of 317,500 shares, the days-to-cover ratio is presently 0.4 days.

Nuveen Municipal High Income Opportunity Fund Trading Down 0.3 %

Shares of NYSE NMZ traded down $0.04 during trading hours on Friday, hitting $11.05. The company had a trading volume of 152,284 shares, compared to its average volume of 331,506. Nuveen Municipal High Income Opportunity Fund has a 1-year low of $10.09 and a 1-year high of $11.90. The firm’s 50 day moving average is $11.12 and its 200-day moving average is $11.27.

Nuveen Municipal High Income Opportunity Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a $0.0655 dividend. This represents a $0.79 annualized dividend and a dividend yield of 7.12%. The ex-dividend date is Friday, March 14th.

Institutional Investors Weigh In On Nuveen Municipal High Income Opportunity Fund

Several hedge funds have recently added to or reduced their stakes in the business. Traynor Capital Management Inc. increased its position in Nuveen Municipal High Income Opportunity Fund by 0.7% during the 4th quarter. Traynor Capital Management Inc. now owns 139,844 shares of the company’s stock worth $1,512,000 after buying an additional 1,032 shares during the period. First Foundation Advisors increased its position in Nuveen Municipal High Income Opportunity Fund by 14.3% during the 4th quarter. First Foundation Advisors now owns 11,425 shares of the company’s stock worth $124,000 after buying an additional 1,425 shares during the period. Farther Finance Advisors LLC increased its position in Nuveen Municipal High Income Opportunity Fund by 107.4% during the 4th quarter. Farther Finance Advisors LLC now owns 3,347 shares of the company’s stock worth $36,000 after buying an additional 1,733 shares during the period. Truist Financial Corp increased its position in Nuveen Municipal High Income Opportunity Fund by 3.6% during the 4th quarter. Truist Financial Corp now owns 56,416 shares of the company’s stock worth $610,000 after buying an additional 1,971 shares during the period. Finally, LPL Financial LLC increased its position in shares of Nuveen Municipal High Income Opportunity Fund by 0.7% in the fourth quarter. LPL Financial LLC now owns 393,775 shares of the company’s stock worth $4,257,000 after purchasing an additional 2,550 shares during the period.

Nuveen Municipal High Income Opportunity Fund Company Profile

Nuveen Municipal High Income Opportunity Fund is a closed-end fixed income mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade tax-exempt municipal securities.