Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ – Get Free Report) saw a significant increase in short interest in the month of 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 days-to-cover ratio is presently 2.9 days.
Nuveen Municipal High Income Opportunity Fund Stock Down 1.4%
Shares of Nuveen Municipal High Income Opportunity Fund stock traded down $0.12 during trading on Tuesday, hitting $8.93. 1,274,858 shares of the stock were exchanged, compared to its average volume of 846,565. Nuveen Municipal High Income Opportunity Fund has a 12 month low of $8.62 and a 12 month high of $10.77. The stock’s fifty day moving average is $9.13 and its 200 day 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 paid 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
Large investors have recently made changes to their positions in the company. MGO One Seven LLC boosted its stake in shares of Nuveen Municipal High Income Opportunity Fund by 4.2% during the 2nd quarter. MGO One Seven LLC now owns 28,620 shares of the company’s stock worth $303,000 after acquiring an additional 1,156 shares in the last quarter. Breakwater Capital Group lifted its position in shares of Nuveen Municipal High Income Opportunity Fund by 1.1% in the third quarter. Breakwater Capital Group now owns 111,971 shares of the company’s stock worth $1,003,000 after purchasing an additional 1,196 shares in the last quarter. Concurrent Investment Advisors LLC lifted its position 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 worth $140,000 after buying an additional 1,304 shares in the last quarter. Joel Isaacson & Co. LLC boosted its position in Nuveen Municipal High Income Opportunity Fund by 12.6% during the third quarter. Joel Isaacson & Co. LLC now owns 17,204 shares of the company’s stock valued at $154,000 after purchasing an additional 1,923 shares during the last quarter. Finally, Palogic Value Management L.P. raised its stake in shares of Nuveen Municipal High Income Opportunity Fund by 1.9% during the 2nd quarter. Palogic Value Management L.P. now owns 135,750 shares of the company’s stock worth $1,435,000 after purchasing 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 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.
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