Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) Short Interest Update

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

Nuveen Municipal Credit Opportunities Fund Stock Performance

Shares of NMCO opened at $10.93 on Wednesday. Nuveen Municipal Credit Opportunities Fund has a fifty-two week low of $10.37 and a fifty-two week high of $12.20. The firm’s 50-day simple moving average is $10.85 and its two-hundred day simple moving average is $11.21.

Nuveen Municipal Credit Opportunities Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be paid a $0.0685 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.82 annualized dividend and a dividend yield of 7.52%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NMCO. Melone Private Wealth LLC grew its stake in shares of Nuveen Municipal Credit Opportunities Fund by 1.9% in the fourth quarter. Melone Private Wealth LLC now owns 531,644 shares of the company’s stock worth $5,641,000 after acquiring an additional 9,737 shares during the last quarter. Capital Investment Advisors LLC grew its position in Nuveen Municipal Credit Opportunities Fund by 1.6% during the 3rd quarter. Capital Investment Advisors LLC now owns 160,807 shares of the company’s stock valued at $1,877,000 after purchasing an additional 2,557 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in Nuveen Municipal Credit Opportunities Fund during the 2nd quarter valued at about $1,548,000. PFG Investments LLC raised its holdings in Nuveen Municipal Credit Opportunities Fund by 2.7% in the fourth quarter. PFG Investments LLC now owns 79,502 shares of the company’s stock worth $844,000 after buying an additional 2,112 shares during the last quarter. Finally, Tyche Wealth Partners LLC lifted its stake in shares of Nuveen Municipal Credit Opportunities Fund by 12.3% in the fourth quarter. Tyche Wealth Partners LLC now owns 77,281 shares of the company’s stock worth $820,000 after buying an additional 8,450 shares in the last quarter.

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.