Short Interest in Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Expands By 132.5%

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 162,863 shares, a growth of 132.5% from the June 30th total of 70,042 shares. Based on an average trading volume of 591,477 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Nuveen Municipal High Income Opportunity Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hennion & Walsh Asset Management Inc. lifted its position in shares of Nuveen Municipal High Income Opportunity Fund by 35.3% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 2,217,036 shares of the company’s stock valued at $23,434,000 after acquiring an additional 577,934 shares in the last quarter. UBS Group AG boosted its stake in Nuveen Municipal High Income Opportunity Fund by 3.7% in the 4th quarter. UBS Group AG now owns 2,031,169 shares of the company’s stock worth $20,698,000 after purchasing an additional 72,869 shares during the period. Guggenheim Capital LLC grew its holdings in Nuveen Municipal High Income Opportunity Fund by 10.5% during the 4th quarter. Guggenheim Capital LLC now owns 1,816,855 shares of the company’s stock valued at $18,514,000 after buying an additional 172,150 shares in the last quarter. Raymond James Financial Inc. grew its holdings in Nuveen Municipal High Income Opportunity Fund by 9.8% during the 3rd quarter. Raymond James Financial Inc. now owns 1,125,161 shares of the company’s stock valued at $11,915,000 after buying an additional 100,526 shares in the last quarter. Finally, Melone Private Wealth LLC raised its position in shares of Nuveen Municipal High Income Opportunity Fund by 25.8% during the second quarter. Melone Private Wealth LLC now owns 846,287 shares of the company’s stock valued at $8,945,000 after buying an additional 173,665 shares during the last quarter.

Nuveen Municipal High Income Opportunity Fund Price Performance

Shares of NYSE NMZ traded down $0.04 during midday trading on Tuesday, hitting $10.18. 105,512 shares of the stock traded hands, compared to its average volume of 546,375. Nuveen Municipal High Income Opportunity Fund has a one year low of $9.87 and a one year high of $10.77. The firm has a 50-day moving average of $10.32 and a two-hundred day moving average of $10.37.

Nuveen Municipal High Income Opportunity Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Investors 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 dividend yield of 7.7%.

Nuveen Municipal High Income Opportunity Fund Company Profile

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.