Nuveen Floating Rate Income Opportnty Fd (JRO) Sees Significant Decrease in Short Interest
Nuveen Floating Rate Income Opportnty Fd (NYSE:JRO) was the recipient of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 380,592 shares, a decrease of 39.7% from the January 13th total of 631,405 shares. Currently, 1.1% of the company’s stock are short sold. Based on an average daily volume of 245,183 shares, the short-interest ratio is presently 1.6 days.
In other Nuveen Floating Rate Income Opportnty Fd news, insider William J. Schneider purchased 30,000 shares of the business’s stock in a transaction on Wednesday, December 7th. The shares were purchased at an average cost of $11.78 per share, with a total value of $353,400.00. Following the transaction, the insider now directly owns 38,800 shares of the company’s stock, valued at approximately $457,064. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Scott C. Caraher sold 8,000 shares of the business’s stock in a transaction dated Tuesday, February 14th. The stock was sold at an average price of $12.58, for a total transaction of $100,640.00. Following the sale, the insider now directly owns 42,100 shares in the company, valued at $529,618. The disclosure for this sale can be found here.
Shares of Nuveen Floating Rate Income Opportnty Fd (NYSE:JRO) opened at 12.51 on Friday. Nuveen Floating Rate Income Opportnty Fd has a 12 month low of $8.80 and a 12 month high of $12.93. The firm’s 50-day moving average is $12.30 and its 200 day moving average is $11.46.
The firm also recently declared a monthly dividend, which will be paid on Wednesday, March 1st. Stockholders of record on Wednesday, February 15th will be paid a dividend of $0.0705 per share. This represents a $0.85 annualized dividend and a dividend yield of 6.76%. The ex-dividend date is Monday, February 13th.
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About Nuveen Floating Rate Income Opportnty Fd
Nuveen Floating Rate Income Opportunity Fund is a diversified closed-end management investment company. The Fund’s investment objective is to achieve a high level of current income. The Fund invests approximately 80% of its managed assets in adjustable rate loans, primarily secured senior loans. As part of the 80% requirement, the Fund also may invest in unsecured senior loans and secured and unsecured subordinated loans.
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