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

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZGet Free Report) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 162,863 shares, an increase of 132.5% from the June 30th total of 70,042 shares. Based on an average daily volume of 591,477 shares, the short-interest ratio is presently 0.3 days.

Nuveen Municipal High Income Opportunity Fund Stock Performance

Nuveen Municipal High Income Opportunity Fund stock traded down $0.04 during mid-day trading on Tuesday, hitting $10.18. The company’s stock had a trading volume of 105,512 shares, compared to its average volume of 546,375. The company has a 50 day moving average of $10.32 and a 200-day moving average of $10.37. Nuveen Municipal High Income Opportunity Fund has a one year low of $9.87 and a one year high of $10.77.

Nuveen Municipal High Income Opportunity Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th will be issued a $0.0655 dividend. The ex-dividend date is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. bought a new stake in Nuveen Municipal High Income Opportunity Fund during the 1st quarter valued at about $36,000. Allied Private Wealth LLC purchased a new position in shares of Nuveen Municipal High Income Opportunity Fund during the second quarter worth approximately $40,000. Comerica Bank raised its stake in shares of 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 valued at $48,000 after acquiring an additional 2,300 shares in the last quarter. Allworth Financial LP bought a new stake in shares of Nuveen Municipal High Income Opportunity Fund during the fourth quarter valued at approximately $61,000. Finally, Global Retirement Partners LLC boosted its holdings in shares of 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 period.

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.

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