Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Sees Large Decrease in Short Interest

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) was the recipient of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 112,000 shares, a decline of 33.9% from the February 13th total of 169,400 shares. Based on an average daily trading volume, of 317,500 shares, the days-to-cover ratio is currently 0.4 days.

Nuveen Municipal High Income Opportunity Fund Stock Performance

Shares of NYSE NMZ traded down $0.04 during midday trading on Friday, reaching $11.05. 152,284 shares of the company were exchanged, compared to its average volume of 331,893. The stock’s 50-day moving average price is $11.12 and its 200-day moving average price is $11.26. Nuveen Municipal High Income Opportunity Fund has a one year low of $10.09 and a one year high of $11.90.

Nuveen Municipal High Income Opportunity Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a $0.0655 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.79 annualized dividend and a dividend yield of 7.12%.

Institutional Trading of Nuveen Municipal High Income Opportunity Fund

Institutional investors have recently modified their holdings of the business. Providence First Trust Co bought a new stake in shares of Nuveen Municipal High Income Opportunity Fund in the fourth quarter worth $32,000. Farther Finance Advisors LLC grew its stake in shares of Nuveen Municipal High Income Opportunity Fund by 107.4% in the fourth quarter. Farther Finance Advisors LLC now owns 3,347 shares of the company’s stock worth $36,000 after purchasing an additional 1,733 shares during the last quarter. Fifth Third Bancorp bought a new stake in shares of Nuveen Municipal High Income Opportunity Fund in the fourth quarter worth $70,000. Diversify Wealth Management LLC bought a new stake in shares of Nuveen Municipal High Income Opportunity Fund in the fourth quarter worth $109,000. Finally, Intellus Advisors LLC bought a new stake in shares of Nuveen Municipal High Income Opportunity Fund in the fourth quarter worth $108,000.

About Nuveen Municipal High Income Opportunity Fund

Nuveen Municipal High Income Opportunity Fund is a closed-end fixed income mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade tax-exempt municipal securities.