Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Short Interest Down 50.7% in June

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) was the recipient of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 70,042 shares, a decline of 50.7% from the June 15th total of 142,134 shares. Based on an average trading volume of 584,101 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Nuveen Municipal High Income Opportunity Fund

Several institutional investors have recently bought and sold shares of NMZ. Walker Asset Management LLC purchased a new position in Nuveen Municipal High Income Opportunity Fund during the 2nd quarter worth $132,000. GenWealth Group Inc. purchased a new position in Nuveen Municipal High Income Opportunity Fund during the second quarter worth about $116,000. Wealthcare Advisory Partners LLC acquired a new stake in Nuveen Municipal High Income Opportunity Fund in the second quarter valued at about $657,000. Key Client Fiduciary Advisors LLC purchased a new stake in Nuveen Municipal High Income Opportunity Fund in the 2nd quarter valued at approximately $117,000. Finally, Melone Private Wealth LLC increased its position in Nuveen Municipal High Income Opportunity Fund by 25.8% during the 2nd quarter. Melone Private Wealth LLC now owns 846,287 shares of the company’s stock worth $8,945,000 after purchasing an additional 173,665 shares during the period.

Nuveen Municipal High Income Opportunity Fund Stock Down 0.5%

Nuveen Municipal High Income Opportunity Fund stock traded down $0.06 during mid-day trading on Wednesday, reaching $10.39. 546,197 shares of the company were exchanged, compared to its average volume of 545,661. The firm’s 50-day simple moving average is $10.30 and its two-hundred day simple moving average is $10.36. Nuveen Municipal High Income Opportunity Fund has a twelve month low of $9.83 and a twelve month high of $10.77.

Nuveen Municipal High Income Opportunity Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 15th will be issued a dividend of $0.0655 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 7.6%.

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.