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

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

Nuveen Municipal High Income Opportunity Fund Price Performance

Shares of NMZ traded up $0.03 during mid-day trading on Tuesday, hitting $10.55. 876,649 shares of the company’s stock were exchanged, compared to its average volume of 541,959. The business’s 50 day moving average is $10.26 and its two-hundred day moving average is $10.35. Nuveen Municipal High Income Opportunity Fund has a fifty-two week low of $9.83 and a fifty-two week high of $10.77.

Get Nuveen Municipal High Income Opportunity Fund alerts:

Nuveen Municipal High Income Opportunity Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be given a dividend of $0.0655 per share. This represents a c) annualized dividend and a yield of 7.4%. The ex-dividend date is Monday, June 15th.

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 NMZ. Janney Montgomery Scott LLC boosted its holdings in shares of Nuveen Municipal High Income Opportunity Fund by 10.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 36,733 shares of the company’s stock valued at $381,000 after purchasing an additional 3,380 shares during the last quarter. EQ Wealth Advisors LLC raised its holdings in Nuveen Municipal High Income Opportunity Fund by 3.5% in the first 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. PFG Investments LLC raised its holdings in Nuveen Municipal High Income Opportunity Fund by 1.0% in the first 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. Signal Advisors Wealth LLC acquired a new position in Nuveen Municipal High Income Opportunity Fund during the first quarter valued at approximately $236,000. Finally, Outlook Wealth Advisors LLC acquired a new position in Nuveen Municipal High Income Opportunity Fund during the first quarter valued at approximately $176,000.

Nuveen Municipal High Income Opportunity Fund Company Profile

(Get Free Report)

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.

Featured Articles

• Five stocks we like better than Nuveen Municipal High Income Opportunity Fund
• NextEra’s Dominion Deal Could Put It at the Center of the AI Power Race
• Amazon Could Be About to Reap the Rewards of a Software Spending Boom
• Best Buy’s Turnaround Is Gaining Traction, But Wall Street Still Needs Proof
• AI Fears Hit Nebius Stock, But Has the Growth Thesis Changed?

Receive News & Ratings for Nuveen Municipal High Income Opportunity Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuveen Municipal High Income Opportunity Fund and related companies with MarketBeat.com's FREE daily email newsletter.