Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ – Get Free Report) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 456,604 shares, an increase of 362.9% from the September 30th total of 98,644 shares. Based on an average daily trading volume, of 1,700,505 shares, the short-interest ratio is currently 0.3 days.
Institutional Trading of Nuveen Municipal High Income Opportunity Fund
Several hedge funds and other institutional investors have recently bought and sold shares of NMZ. MGO One Seven LLC raised its position in Nuveen Municipal High Income Opportunity Fund by 21.0% in the third quarter. MGO One Seven LLC now owns 34,637 shares of the company’s stock worth $310,000 after purchasing an additional 6,017 shares in the last quarter. Leo Wealth LLC acquired a new stake in Nuveen Municipal High Income Opportunity Fund during the third quarter valued at approximately $211,000. Valen Private Capital LLC acquired a new stake in Nuveen Municipal High Income Opportunity Fund during the third quarter valued at approximately $393,000. Washington Trust Advisors Inc. bought a new stake in shares of Nuveen Municipal High Income Opportunity Fund in the 3rd quarter valued at approximately $69,000. Finally, Smith Chas P & Associates PA Cpas grew its stake in shares of Nuveen Municipal High Income Opportunity Fund by 34.0% in the 3rd quarter. Smith Chas P & Associates PA Cpas now owns 19,700 shares of the company’s stock valued at $180,000 after purchasing an additional 5,000 shares during the period.
Nuveen Municipal High Income Opportunity Fund Stock Down 0.6%
Shares of NMZ traded down $0.06 during mid-day trading on Thursday, hitting $8.86. The company’s stock had a trading volume of 1,734,531 shares, compared to its average volume of 788,105. Nuveen Municipal High Income Opportunity Fund has a one year low of $8.62 and a one year high of $10.77. The stock’s 50-day moving average is $9.34 and its two-hundred day moving average is $10.10.
Nuveen Municipal High Income Opportunity Fund Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Thursday, October 15th will be paid a dividend of $0.0655 per share. This represents a $0.79 annualized dividend and a yield of 8.9%. The ex-dividend date is Thursday, October 15th.
Nuveen Municipal High Income Opportunity Fund Company Profile
Nuveen Municipal High Income Opportunity Fund is a closed-end investment company listed on the New York Stock Exchange under the symbol NMZ. The fund seeks to provide current income that is exempt from regular federal income tax by investing primarily in municipal securities issued by states, municipalities and other public entities.
The fund focuses on higher-yielding municipal bonds and may invest in securities with varying credit qualities, including below-investment-grade obligations.
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