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

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) was the target of a large decrease in short interest during the month of July. As of July 15th, there was short interest totalling 6,800 shares, a decrease of 86.4% from the June 30th total of 49,900 shares. Based on an average trading volume of 314,600 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Crewe Advisors LLC purchased a new position in Nuveen Municipal High Income Opportunity Fund during the 1st quarter worth approximately $36,000. International Assets Investment Management LLC grew its stake in Nuveen Municipal High Income Opportunity Fund by 888.1% during the 4th quarter. International Assets Investment Management LLC now owns 6,709 shares of the company’s stock worth $679,000 after buying an additional 6,030 shares during the last quarter. Diversify Advisory Services LLC purchased a new position in Nuveen Municipal High Income Opportunity Fund during the 1st quarter worth approximately $104,000. Kingswood Wealth Advisors LLC purchased a new position in Nuveen Municipal High Income Opportunity Fund during the 4th quarter worth approximately $99,000. Finally, Arlington Capital Management Inc. purchased a new position in Nuveen Municipal High Income Opportunity Fund during the 4th quarter worth approximately $101,000.

Nuveen Municipal High Income Opportunity Fund Trading Up 0.1 %

Shares of NMZ traded up $0.01 during mid-day trading on Thursday, reaching $10.64. The company’s stock had a trading volume of 677,998 shares, compared to its average volume of 317,926. Nuveen Municipal High Income Opportunity Fund has a 12-month low of $8.26 and a 12-month high of $10.94. The company’s 50 day moving average is $10.65 and its 200 day moving average is $10.40.

Nuveen Municipal High Income Opportunity Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Monday, July 15th will be issued a $0.0655 dividend. The ex-dividend date of this dividend is Monday, July 15th. This represents a $0.79 dividend on an annualized basis and a dividend yield of 7.39%. This is an increase from Nuveen Municipal High Income Opportunity Fund’s previous monthly dividend of $0.07.

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.