Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Short Interest Update

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 149,994 shares, an increase of 74.6% from the August 31st total of 85,891 shares. Based on an average trading volume of 1,168,548 shares, the days-to-cover ratio is presently 0.1 days.

Nuveen Municipal High Income Opportunity Fund Stock Performance

NYSE:NMZ opened at $8.90 on Friday. Nuveen Municipal High Income Opportunity Fund has a twelve month low of $8.70 and a twelve month high of $10.77. The company has a 50-day moving average of $9.81 and a 200-day moving average of $10.13.

Nuveen Municipal High Income Opportunity Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Thursday, October 1st. Investors of record on Tuesday, September 15th were paid a dividend of $0.0655 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.79 annualized dividend and a yield of 8.8%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. MGO One Seven LLC boosted its holdings in shares of Nuveen Municipal High Income Opportunity Fund by 4.2% during the second quarter. MGO One Seven LLC now owns 28,620 shares of the company’s stock worth $303,000 after purchasing an additional 1,156 shares during the period. Concurrent Investment Advisors LLC increased its stake in Nuveen Municipal High Income Opportunity Fund by 10.9% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 13,268 shares of the company’s stock valued at $140,000 after buying an additional 1,304 shares during the period. PFG Investments LLC increased its stake in Nuveen Municipal High Income Opportunity Fund by 1.0% in the 1st quarter. PFG Investments LLC now owns 127,716 shares of the company’s stock valued at $1,326,000 after buying an additional 1,315 shares during the period. EQ Wealth Advisors LLC increased its stake in Nuveen Municipal High Income Opportunity Fund by 3.5% in the 1st quarter. EQ Wealth Advisors LLC now owns 65,886 shares of the company’s stock valued at $684,000 after buying an additional 2,240 shares during the period. Finally, Palogic Value Management L.P. lifted its position in Nuveen Municipal High Income Opportunity Fund by 1.9% in the 2nd quarter. Palogic Value Management L.P. now owns 135,750 shares of the company’s stock worth $1,435,000 after buying an additional 2,500 shares in the last quarter.

About Nuveen Municipal High Income Opportunity Fund

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) is a closed-end investment company managed by Nuveen. The fund seeks to provide current income that is exempt from regular federal income tax by investing primarily in municipal securities issued by states, cities, counties and other public entities in the United States.

The fund focuses on higher-yielding municipal bonds, including securities that may carry lower credit ratings or be considered below investment grade. Its portfolio may include tax-exempt bonds financing public infrastructure, essential services and other governmental or community projects.