Short Interest in Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) Decreases By 33.0%

Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) was the recipient of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 70,300 shares, a drop of 33.0% from the February 13th total of 105,000 shares. Based on an average daily volume of 210,600 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of Nuveen Municipal Credit Opportunities Fund

A number of institutional investors and hedge funds have recently made changes to their positions in NMCO. Wells Fargo & Company MN lifted its position in shares of Nuveen Municipal Credit Opportunities Fund by 245.3% in the fourth quarter. Wells Fargo & Company MN now owns 1,173,621 shares of the company’s stock worth $12,452,000 after buying an additional 833,716 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Nuveen Municipal Credit Opportunities Fund during the 4th quarter valued at approximately $2,183,000. NINE MASTS CAPITAL Ltd boosted its stake in Nuveen Municipal Credit Opportunities Fund by 328.3% during the 4th quarter. NINE MASTS CAPITAL Ltd now owns 233,908 shares of the company’s stock valued at $2,482,000 after purchasing an additional 179,294 shares during the period. Noble Wealth Management PBC bought a new stake in Nuveen Municipal Credit Opportunities Fund during the 4th quarter valued at approximately $1,462,000. Finally, Cohen & Steers Inc. bought a new stake in Nuveen Municipal Credit Opportunities Fund during the 4th quarter valued at approximately $1,326,000.

Nuveen Municipal Credit Opportunities Fund Price Performance

NMCO traded down $0.05 during trading on Monday, reaching $10.87. 91,753 shares of the stock traded hands, compared to its average volume of 193,344. Nuveen Municipal Credit Opportunities Fund has a fifty-two week low of $10.01 and a fifty-two week high of $12.20. The stock’s 50-day simple moving average is $11.00 and its two-hundred day simple moving average is $11.17.

Nuveen Municipal Credit Opportunities Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a $0.0685 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 7.56%. This is a boost from Nuveen Municipal Credit Opportunities Fund’s previous monthly dividend of $0.06.

About Nuveen Municipal Credit Opportunities Fund

Nuveen Municipal Credit Opportunities Fund (NMCO) seeks to provide a high level of current income exempt from regular U.S. federal income tax and secondarily, total return. The Fund invests primarily in high yielding, low- to medium-quality municipal securities that, at the time of investment, are rated Baa/BBB or lower or, if unrated, are judged by the portfolio managers to be of comparable quality.