Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Short Interest Update

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

Nuveen Municipal High Income Opportunity Fund Trading Down 1.1 %

NMZ stock traded down $0.12 on Friday, reaching $11.16. 418,373 shares of the company’s stock were exchanged, compared to its average volume of 339,174. The stock has a fifty day moving average of $11.44 and a 200-day moving average of $11.02. Nuveen Municipal High Income Opportunity Fund has a twelve month low of $9.48 and a twelve month high of $11.90.

Nuveen Municipal High Income Opportunity Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be issued a $0.0655 dividend. The ex-dividend date is Friday, November 15th. This is a boost 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 yield of 7.04%.

Hedge Funds Weigh In On Nuveen Municipal High Income Opportunity Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cetera Investment Advisers lifted its stake in Nuveen Municipal High Income Opportunity Fund by 1,211.5% in the 1st quarter. Cetera Investment Advisers now owns 238,986 shares of the company’s stock valued at $2,524,000 after buying an additional 220,763 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its position in shares of Nuveen Municipal High Income Opportunity Fund by 289.2% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 209,483 shares of the company’s stock worth $2,443,000 after acquiring an additional 155,653 shares in the last quarter. Robinson Capital Management LLC raised its position in Nuveen Municipal High Income Opportunity Fund by 31.3% in the first quarter. Robinson Capital Management LLC now owns 448,330 shares of the company’s stock valued at $4,649,000 after purchasing an additional 106,946 shares during the period. High Net Worth Advisory Group LLC lifted its position in Nuveen Municipal High Income Opportunity Fund by 23.9% during the 2nd quarter. High Net Worth Advisory Group LLC now owns 259,852 shares of the company’s stock worth $2,804,000 after acquiring an additional 50,156 shares in the last quarter. Finally, Insigneo Advisory Services LLC purchased a new position in shares of Nuveen Municipal High Income Opportunity Fund in the second quarter valued at $523,000.

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.