Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ – Get Free Report) 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
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.
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