Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Sees Significant Growth in Short Interest

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) saw a large increase in short interest in October. As of October 30th, there was short interest totaling 8,078,970 shares, an increase of 1,669.4% from the October 15th total of 456,604 shares. Based on an average trading volume of 2,785,318 shares, the short-interest ratio is presently 2.9 days.

Nuveen Municipal High Income Opportunity Fund Stock Performance

Shares of NMZ stock traded down $0.12 during trading hours on Tuesday, hitting $8.93. 1,274,858 shares of the company were exchanged, compared to its average volume of 846,565. Nuveen Municipal High Income Opportunity Fund has a one year low of $8.62 and a one year high of $10.77. The business’s 50-day simple moving average is $9.13 and its two-hundred day simple moving average is $10.03.

Nuveen Municipal High Income Opportunity Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be issued a dividend of $0.0655 per share. This represents a $0.79 dividend on an annualized basis and a yield of 8.8%. The ex-dividend date of this dividend is Friday, November 13th.

Institutional Investors Weigh In On Nuveen Municipal High Income Opportunity Fund

Institutional investors have recently made changes to their positions in the company. Geneos Wealth Management Inc. bought a new stake in Nuveen Municipal High Income Opportunity Fund during the first quarter valued at $36,000. Allied Private Wealth LLC bought a new position in shares of Nuveen Municipal High Income Opportunity Fund in the 2nd quarter worth about $40,000. Smallwood Wealth Investment Management LLC bought a new position in shares of Nuveen Municipal High Income Opportunity Fund in the 2nd quarter worth about $69,000. Washington Trust Advisors Inc. acquired a new position in shares of Nuveen Municipal High Income Opportunity Fund in the 3rd quarter valued at about $69,000. Finally, Independent Financial Group LLC acquired a new position in shares of Nuveen Municipal High Income Opportunity Fund in the 1st quarter valued at about $104,000.

About Nuveen Municipal High Income Opportunity Fund

Nuveen Municipal High Income Opportunity Fund (NYSE: NMZ) is a closed-end investment fund managed by Nuveen, an investment management firm and subsidiary of TIAA. The fund seeks to provide high current income that is exempt from regular U.S. federal income tax by investing primarily in municipal securities issued by states, municipalities and other governmental entities. The fund focuses on municipal bonds and related investments, including securities that may carry below-investment-grade ratings or be considered unrated.