Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Short Interest Down 50.7% in June

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) was the target of a large drop in short interest in June. As of June 30th, there was short interest totaling 70,042 shares, a drop of 50.7% from the June 15th total of 142,134 shares. Based on an average daily volume of 584,101 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Nuveen Municipal High Income Opportunity Fund

Institutional investors have recently modified their holdings of the company. Geneos Wealth Management Inc. purchased a new position in Nuveen Municipal High Income Opportunity Fund in the 1st quarter valued at approximately $36,000. Allied Private Wealth LLC purchased a new stake in Nuveen Municipal High Income Opportunity Fund during the second quarter worth $40,000. Comerica Bank boosted its position in Nuveen Municipal High Income Opportunity Fund by 102.2% during the third quarter. Comerica Bank now owns 4,550 shares of the company’s stock worth $48,000 after purchasing an additional 2,300 shares in the last quarter. Allworth Financial LP acquired a new stake in Nuveen Municipal High Income Opportunity Fund in the fourth quarter valued at $61,000. Finally, Global Retirement Partners LLC grew its holdings in Nuveen Municipal High Income Opportunity Fund by 1,960.5% in the fourth quarter. Global Retirement Partners LLC now owns 6,779 shares of the company’s stock valued at $69,000 after purchasing an additional 6,450 shares during the last quarter.

Nuveen Municipal High Income Opportunity Fund Stock Down 0.5%

Shares of NYSE NMZ traded down $0.06 during midday trading on Wednesday, hitting $10.39. The company had a trading volume of 546,197 shares, compared to its average volume of 545,661. Nuveen Municipal High Income Opportunity Fund has a twelve month low of $9.83 and a twelve month high of $10.77. The business has a 50-day simple moving average of $10.30 and a two-hundred day simple moving average of $10.36.

Nuveen Municipal High Income Opportunity Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th will be issued a $0.0655 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 7.6%.

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.