Short Interest in Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Decreases By 55.9%

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) was the target of a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 169,400 shares, a decrease of 55.9% from the January 31st total of 384,200 shares. Based on an average trading volume of 325,100 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On Nuveen Municipal High Income Opportunity Fund

Several institutional investors and hedge funds have recently made changes to their positions in the business. Park Avenue Securities LLC raised its position in Nuveen Municipal High Income Opportunity Fund by 19.6% during the fourth quarter. Park Avenue Securities LLC now owns 181,051 shares of the company’s stock worth $1,957,000 after acquiring an additional 29,715 shares during the last quarter. FF Advisors LLC increased its stake in shares of Nuveen Municipal High Income Opportunity Fund by 17.0% during the 4th quarter. FF Advisors LLC now owns 23,066 shares of the company’s stock worth $262,000 after purchasing an additional 3,348 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its position in shares of Nuveen Municipal High Income Opportunity Fund by 196.7% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 621,534 shares of the company’s stock worth $6,719,000 after purchasing an additional 412,051 shares during the last quarter. Integrated Capital Management Inc. raised its position in shares of Nuveen Municipal High Income Opportunity Fund by 24.2% during the 4th quarter. Integrated Capital Management Inc. now owns 36,375 shares of the company’s stock worth $393,000 after purchasing an additional 7,089 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its stake in Nuveen Municipal High Income Opportunity Fund by 234.4% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 47,105 shares of the company’s stock valued at $552,000 after buying an additional 33,020 shares in the last quarter.

Nuveen Municipal High Income Opportunity Fund Stock Performance

NMZ stock traded up $0.10 during midday trading on Friday, hitting $11.29. 254,865 shares of the stock were exchanged, compared to its average volume of 274,476. The stock’s 50-day moving average price is $11.05 and its 200-day moving average price is $11.26. Nuveen Municipal High Income Opportunity Fund has a fifty-two week low of $10.09 and a fifty-two week high of $11.90.

Nuveen Municipal High Income Opportunity Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be paid a dividend of $0.0655 per share. This represents a $0.79 annualized dividend and a dividend yield of 6.96%. The ex-dividend date of this dividend is Friday, February 14th.

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.