Short Interest in Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Declines By 57.2%

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) was the recipient of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 142,134 shares, a drop of 57.2% from the May 31st total of 332,146 shares. Based on an average trading volume of 802,237 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Nuveen Municipal High Income Opportunity Fund

Hedge funds have recently made changes to their positions in the business. UBS Group AG raised its holdings in shares of Nuveen Municipal High Income Opportunity Fund by 3.7% in the fourth quarter. UBS Group AG now owns 2,031,169 shares of the company’s stock valued at $20,698,000 after purchasing an additional 72,869 shares during the last quarter. Guggenheim Capital LLC lifted its holdings in 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 purchasing an additional 172,150 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in Nuveen Municipal High Income Opportunity Fund by 57.5% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,140,557 shares of the company’s stock worth $11,622,000 after purchasing an additional 416,337 shares during the period. Raymond James Financial Inc. boosted its position in Nuveen Municipal High Income Opportunity Fund by 9.8% during the third quarter. Raymond James Financial Inc. now owns 1,125,161 shares of the company’s stock worth $11,915,000 after purchasing an additional 100,526 shares during the period. Finally, LPL Financial LLC increased its holdings in shares of Nuveen Municipal High Income Opportunity Fund by 21.2% in the fourth quarter. LPL Financial LLC now owns 731,023 shares of the company’s stock valued at $7,449,000 after purchasing an additional 128,087 shares during the last quarter.

Nuveen Municipal High Income Opportunity Fund Price Performance

Shares of NYSE:NMZ traded up $0.03 during midday trading on Monday, hitting $10.52. 437,616 shares of the stock were exchanged, compared to its average volume of 538,487. Nuveen Municipal High Income Opportunity Fund has a 52-week low of $9.83 and a 52-week high of $10.77. The business’s fifty day simple moving average is $10.25 and its two-hundred day simple moving average is $10.35.

Nuveen Municipal High Income Opportunity Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be issued a $0.0655 dividend. This represents a c) annualized dividend and a yield of 7.5%. The ex-dividend date of this dividend is Monday, June 15th.

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.