Short Interest in Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) Decreases By 33.0%

Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) saw a large decline in short interest in February. As of February 28th, there was short interest totalling 70,300 shares, a decline of 33.0% from the February 13th total of 105,000 shares. Based on an average daily trading volume, of 210,600 shares, the short-interest ratio is presently 0.3 days.

Nuveen Municipal Credit Opportunities Fund Stock Down 0.5 %

Shares of NMCO traded down $0.05 during midday trading on Monday, reaching $10.87. The stock had a trading volume of 91,753 shares, compared to its average volume of 193,344. The firm’s 50 day moving average price is $11.00 and its 200-day moving average price is $11.17. Nuveen Municipal Credit Opportunities Fund has a 52 week low of $10.01 and a 52 week high of $12.20.

Nuveen Municipal Credit Opportunities Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a $0.0685 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 7.56%. This is a boost from Nuveen Municipal Credit Opportunities Fund’s previous monthly dividend of $0.06. The ex-dividend date is Friday, March 14th.

Hedge Funds Weigh In On Nuveen Municipal Credit Opportunities Fund

A number of hedge funds have recently modified their holdings of the stock. HighTower Advisors LLC grew its holdings 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 valued at $169,000 after buying an additional 1,182 shares in the last quarter. World Investment Advisors LLC purchased a new position in shares of Nuveen Municipal Credit Opportunities Fund during the third quarter valued at $552,000. Melone Private Wealth LLC grew its holdings in shares of 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 valued at $5,641,000 after buying an additional 9,737 shares in the last quarter. PFG Investments LLC grew its holdings in shares of Nuveen Municipal Credit Opportunities Fund by 2.7% during the fourth quarter. PFG Investments LLC now owns 79,502 shares of the company’s stock valued at $844,000 after buying an additional 2,112 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC grew its holdings in shares of Nuveen Municipal Credit Opportunities Fund by 9.5% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 23,090 shares of the company’s stock valued at $245,000 after buying an additional 2,000 shares in the last quarter.

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.