Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ – Get Free Report) was the recipient of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 94,285 shares, a drop of 54.1% from the July 30th total of 205,306 shares. Based on an average trading volume of 657,473 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Investors Weigh In On Nuveen Municipal High Income Opportunity Fund
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mutual Advisors LLC lifted its stake in Nuveen Municipal High Income Opportunity Fund by 5.8% in the fourth quarter. Mutual Advisors LLC now owns 20,687 shares of the company’s stock valued at $211,000 after buying an additional 1,127 shares during the period. MGO One Seven LLC increased its stake in shares of Nuveen Municipal High Income Opportunity Fund by 4.2% in the 2nd quarter. MGO One Seven LLC now owns 28,620 shares of the company’s stock valued at $303,000 after acquiring an additional 1,156 shares during the last quarter. Concurrent Investment Advisors LLC increased its stake in shares of 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 acquiring an additional 1,304 shares during the last quarter. PFG Investments LLC raised its position in shares of 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 acquiring an additional 1,315 shares during the period. Finally, Ashton Thomas Private Wealth LLC raised its position in shares of Nuveen Municipal High Income Opportunity Fund by 9.4% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 22,087 shares of the company’s stock valued at $225,000 after acquiring an additional 1,900 shares during the period.
Nuveen Municipal High Income Opportunity Fund Price Performance
NMZ traded down $0.03 during trading on Friday, reaching $9.98. 610,480 shares of the company’s stock were exchanged, compared to its average volume of 563,731. The company’s fifty day moving average price is $10.29 and its 200-day moving average price is $10.32. Nuveen Municipal High Income Opportunity Fund has a fifty-two week low of $9.96 and a fifty-two week high of $10.77.
Nuveen Municipal High Income Opportunity Fund Announces Dividend
About Nuveen Municipal High Income Opportunity Fund
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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