Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Short Interest Down 23.4% in October

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) was the recipient of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 186,900 shares, a drop of 23.4% from the October 15th total of 244,100 shares. Based on an average daily volume of 336,800 shares, the short-interest ratio is currently 0.6 days.

Nuveen Municipal High Income Opportunity Fund Trading Down 1.1 %

Shares of NYSE:NMZ traded down $0.12 during midday trading on Friday, reaching $11.16. 418,373 shares of the company’s stock traded hands, compared to its average volume of 339,174. Nuveen Municipal High Income Opportunity Fund has a one year low of $9.48 and a one year high of $11.90. The stock has a 50 day moving average of $11.44 and a 200 day moving average of $11.02.

Nuveen Municipal High Income Opportunity Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be paid a dividend of $0.0655 per share. This is an increase from Nuveen Municipal High Income Opportunity Fund’s previous monthly dividend of $0.07. This represents a $0.79 dividend on an annualized basis and a dividend yield of 7.04%. The ex-dividend date of this dividend is Friday, November 15th.

Hedge Funds Weigh In On Nuveen Municipal High Income Opportunity Fund

Institutional investors have recently made changes to their positions in the business. Crewe Advisors LLC bought a new position in Nuveen Municipal High Income Opportunity Fund in the first quarter worth approximately $36,000. Northwestern Mutual Wealth Management Co. raised its holdings in Nuveen Municipal High Income Opportunity Fund by 56.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,701 shares of the company’s stock worth $83,000 after purchasing an additional 2,766 shares during the period. International Assets Investment Management LLC grew its holdings in Nuveen Municipal High Income Opportunity Fund by 1,066.0% during the third quarter. International Assets Investment Management LLC now owns 7,917 shares of the company’s stock valued at $92,000 after purchasing an additional 7,238 shares during the period. Tyche Wealth Partners LLC purchased a new stake in Nuveen Municipal High Income Opportunity Fund in the second quarter worth about $126,000. Finally, Dynamic Advisor Solutions LLC raised its stake in shares of Nuveen Municipal High Income Opportunity Fund by 9.7% in the third quarter. Dynamic Advisor Solutions LLC now owns 11,709 shares of the company’s stock worth $137,000 after buying an additional 1,038 shares during the period.

Nuveen Municipal High Income Opportunity Fund Company Profile

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.