Short Interest in Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Declines By 57.2%

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 142,134 shares, a decrease of 57.2% from the May 31st total of 332,146 shares. Based on an average daily volume of 802,237 shares, the days-to-cover ratio is presently 0.2 days.

Nuveen Municipal High Income Opportunity Fund Price Performance

NYSE:NMZ traded up $0.03 on Monday, hitting $10.52. The company had a trading volume of 437,616 shares, compared to its average volume of 538,487. Nuveen Municipal High Income Opportunity Fund has a 52 week low of $9.83 and a 52 week high of $10.77. The firm has a 50 day moving average of $10.25 and a two-hundred day moving average of $10.35.

Nuveen Municipal High Income Opportunity Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be issued a dividend of $0.0655 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 7.5%.

Hedge Funds Weigh In On Nuveen Municipal High Income Opportunity Fund

Several large investors have recently bought and sold shares of the company. Wakefield Asset Management LLLP increased its position in Nuveen Municipal High Income Opportunity Fund by 1.2% in the 3rd quarter. Wakefield Asset Management LLLP now owns 88,868 shares of the company’s stock valued at $942,000 after acquiring an additional 1,096 shares during the period. Mutual Advisors LLC lifted its holdings in Nuveen Municipal High Income Opportunity Fund by 5.8% in the fourth quarter. Mutual Advisors LLC now owns 20,687 shares of the company’s stock valued at $211,000 after buying an additional 1,127 shares during the period. PFG Investments LLC boosted its position in Nuveen Municipal High Income Opportunity Fund by 1.0% during the first quarter. PFG Investments LLC now owns 127,716 shares of the company’s stock valued at $1,326,000 after acquiring an additional 1,315 shares during the last quarter. Ashton Thomas Private Wealth LLC boosted its position in Nuveen Municipal High Income Opportunity Fund by 9.4% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 22,087 shares of the company’s stock valued at $225,000 after acquiring an additional 1,900 shares during the last quarter. Finally, NewEdge Advisors LLC grew its holdings in Nuveen Municipal High Income Opportunity Fund by 2.7% during the 1st quarter. NewEdge Advisors LLC now owns 79,257 shares of the company’s stock worth $865,000 after acquiring an additional 2,112 shares during the period.

About Nuveen Municipal High Income Opportunity Fund

Nuveen Municipal High Income Opportunity Fund (NYSE: NMZ) is a closed-end management investment company that seeks to provide high current income exempt from federal income tax. The fund accomplishes this objective primarily through investments in a diversified portfolio of municipal obligations issued by state and local governments and their agencies across the United States. These securities may include general obligation bonds, revenue bonds, auction-rate securities and other types of tax-exempt debt.

To enhance yield, the fund employs leverage by borrowing against its assets, a strategy common among closed-end municipal funds.