Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) Stock Short Interest Report for October

Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) was the target of a significant decrease in short interest in October. As of October 30th, there was short interest totaling 115,664 shares, a decrease of 88.4% from the October 15th total of 1,000,837 shares. Based on an average daily volume of 654,503 shares, the days-to-cover ratio is presently 0.2 days.

Insiders Place Their Bets

In other news, Portfolio Manager Michael S. Hamilton acquired 3,000 shares of the stock in a transaction on Friday, October 9th. The stock was acquired at an average price of $8.70 per share, with a total value of $26,100.00. Following the completion of the transaction, the portfolio manager owned 3,000 shares of the company’s stock, valued at $26,100. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Young L. Robert acquired 28,575 shares of the stock in a transaction on Friday, October 23rd. The shares were purchased at an average cost of $8.71 per share, with a total value of $248,888.25. Following the transaction, the insider directly owned 28,575 shares of the company’s stock, valued at approximately $248,888.25. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information.

Hedge Funds Weigh In On Nuveen Municipal Credit Opportunities Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE raised its position in shares of Nuveen Municipal Credit Opportunities Fund by 12.1% in the 1st quarter. Bank of America Corp DE now owns 1,565,852 shares of the company’s stock worth $16,567,000 after purchasing an additional 168,635 shares during the last quarter. Melone Private Wealth LLC grew its position in Nuveen Municipal Credit Opportunities Fund by 1.2% during the 3rd quarter. Melone Private Wealth LLC now owns 705,741 shares of the company’s stock valued at $6,274,000 after purchasing an additional 8,291 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its position in Nuveen Municipal Credit Opportunities Fund by 72.0% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 320,389 shares of the company’s stock valued at $3,489,000 after purchasing an additional 134,105 shares during the last quarter. HighTower Advisors LLC increased its stake in Nuveen Municipal Credit Opportunities Fund by 7.6% during the 2nd quarter. HighTower Advisors LLC now owns 292,789 shares of the company’s stock valued at $3,048,000 after purchasing an additional 20,619 shares in the last quarter. Finally, Advisors Asset Management Inc. bought a new stake in Nuveen Municipal Credit Opportunities Fund during the 3rd quarter valued at about $1,958,000.

Nuveen Municipal Credit Opportunities Fund Stock Up 0.4%

NMCO stock traded up $0.04 on Wednesday, reaching $8.94. 315,493 shares of the company traded hands, compared to its average volume of 287,643. Nuveen Municipal Credit Opportunities Fund has a one year low of $8.33 and a one year high of $11.00. The firm has a fifty day simple moving average of $9.12 and a 200-day simple moving average of $10.28.

Nuveen Municipal Credit Opportunities Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 13th will be paid a $0.0685 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 9.2%. The ex-dividend date of this dividend is Friday, November 13th.

Nuveen Municipal Credit Opportunities Fund Company Profile

Nuveen Municipal Credit Opportunities Fund (NYSE: NMCO) is a closed-end management investment company advised by Nuveen Asset Management, LLC. The fund seeks to provide current income that is generally exempt from regular federal income tax, with capital appreciation as a secondary objective. NMCO invests primarily in municipal securities issued by states, cities, counties, special districts and other governmental or public entities in the United States. Its portfolio may emphasize lower-rated, unrated or otherwise credit-sensitive municipal bonds, allowing the fund to pursue opportunities across the municipal credit market while accepting greater credit and investment risk than funds focused solely on highly rated securities.