Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Short Interest Update

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 476,284 shares, a drop of 77.7% from the April 15th total of 2,139,796 shares. Based on an average daily trading volume, of 485,761 shares, the short-interest ratio is presently 1.0 days.

Nuveen Municipal High Income Opportunity Fund Trading Up 0.1%

Shares of NYSE:NMZ traded up $0.02 during mid-day trading on Wednesday, reaching $10.28. The company had a trading volume of 528,604 shares, compared to its average volume of 484,402. The company’s 50-day moving average price is $10.32 and its 200-day moving average price is $10.43. Nuveen Municipal High Income Opportunity Fund has a one year low of $9.83 and a one year high of $10.77.

Nuveen Municipal High Income Opportunity Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be issued a $0.0655 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date of this dividend is Friday, May 15th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NMZ. Hennion & Walsh Asset Management Inc. lifted its position in shares of Nuveen Municipal High Income Opportunity Fund by 57.5% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,140,557 shares of the company’s stock valued at $11,622,000 after buying an additional 416,337 shares during the last quarter. Jane Street Group LLC lifted its position in shares of Nuveen Municipal High Income Opportunity Fund by 1,411.1% during the 4th quarter. Jane Street Group LLC now owns 259,389 shares of the company’s stock valued at $2,643,000 after buying an additional 242,223 shares during the last quarter. UBS Group AG lifted its position in shares of Nuveen Municipal High Income Opportunity Fund by 10.4% during the 3rd quarter. UBS Group AG now owns 1,958,300 shares of the company’s stock valued at $20,738,000 after buying an additional 183,725 shares during the last quarter. Guggenheim Capital LLC lifted its position in shares of Nuveen Municipal High Income Opportunity Fund by 10.5% during the 4th quarter. Guggenheim Capital LLC now owns 1,816,855 shares of the company’s stock valued at $18,514,000 after buying an additional 172,150 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Nuveen Municipal High Income Opportunity Fund by 246.4% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 239,326 shares of the company’s stock valued at $2,534,000 after buying an additional 170,236 shares during the last quarter.

About Nuveen Municipal High Income Opportunity Fund

Nuveen Municipal High Income Opportunity Fund (NYSE: NMZ) is a closed-end management investment company that seeks to provide high current income exempt from federal income tax. The fund accomplishes this objective primarily through investments in a diversified portfolio of municipal obligations issued by state and local governments and their agencies across the United States. These securities may include general obligation bonds, revenue bonds, auction-rate securities and other types of tax-exempt debt.

To enhance yield, the fund employs leverage by borrowing against its assets, a strategy common among closed-end municipal funds.