Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) Short Interest Up 5,415.4% in December

Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 71,700 shares, a growth of 5,415.4% from the December 15th total of 1,300 shares. Based on an average daily trading volume, of 257,600 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On Nuveen Municipal Credit Opportunities Fund

A number of hedge funds have recently modified their holdings of the business. Truist Financial Corp acquired a new position in shares of Nuveen Municipal Credit Opportunities Fund in the 2nd quarter valued at approximately $115,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Nuveen Municipal Credit Opportunities Fund in the third quarter valued at approximately $119,000. HighTower Advisors LLC boosted its holdings in shares of Nuveen Municipal Credit Opportunities Fund by 8.9% in the third quarter. HighTower Advisors LLC now owns 14,435 shares of the company’s stock valued at $169,000 after buying an additional 1,182 shares during the period. Catalina Capital Group LLC increased its position in shares of Nuveen Municipal Credit Opportunities Fund by 53.9% during the third quarter. Catalina Capital Group LLC now owns 29,585 shares of the company’s stock worth $345,000 after acquiring an additional 10,365 shares in the last quarter. Finally, World Investment Advisors LLC acquired a new stake in shares of Nuveen Municipal Credit Opportunities Fund during the third quarter worth $552,000.

Nuveen Municipal Credit Opportunities Fund Price Performance

Shares of NMCO traded up $0.06 during trading hours on Wednesday, reaching $10.74. The stock had a trading volume of 134,998 shares, compared to its average volume of 123,266. Nuveen Municipal Credit Opportunities Fund has a 52 week low of $10.37 and a 52 week high of $12.20. The firm has a 50-day moving average of $10.92 and a 200 day moving average of $11.22.

Nuveen Municipal Credit Opportunities Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be issued a $0.0685 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $0.82 annualized dividend and a dividend yield of 7.65%.

Nuveen Municipal Credit Opportunities Fund Company Profile

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.