Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Sees Large Decline in Short Interest

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) saw a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 94,285 shares, a decrease of 54.1% from the July 30th total of 205,306 shares. Based on an average daily trading volume, of 657,473 shares, the short-interest ratio is presently 0.1 days.

Nuveen Municipal High Income Opportunity Fund Stock Down 0.3%

Nuveen Municipal High Income Opportunity Fund stock traded down $0.03 during midday trading on Friday, reaching $9.98. The stock had a trading volume of 610,480 shares, compared to its average volume of 563,731. The firm’s fifty day simple moving average is $10.29 and its 200-day simple moving average is $10.32. Nuveen Municipal High Income Opportunity Fund has a 1-year low of $9.96 and a 1-year high of $10.77.

Nuveen Municipal High Income Opportunity Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be given a $0.0655 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date of this dividend is Friday, August 14th.

Hedge Funds Weigh In On Nuveen Municipal High Income Opportunity Fund

Large investors have recently modified their holdings of the business. Royal Bank of Canada grew its stake in shares of Nuveen Municipal High Income Opportunity Fund by 10.6% in the first quarter. Royal Bank of Canada now owns 268,259 shares of the company’s stock valued at $2,927,000 after buying an additional 25,765 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of Nuveen Municipal High Income Opportunity Fund by 2.7% in the 1st quarter. NewEdge Advisors LLC now owns 79,257 shares of the company’s stock valued at $865,000 after acquiring an additional 2,112 shares during the period. Jane Street Group LLC bought a new position in shares of Nuveen Municipal High Income Opportunity Fund in the 1st quarter valued at about $135,000. Raymond James Financial Inc. increased its stake in shares of Nuveen Municipal High Income Opportunity Fund by 2.5% during the 2nd quarter. Raymond James Financial Inc. now owns 1,024,635 shares of the company’s stock worth $10,625,000 after purchasing an additional 24,840 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Nuveen Municipal High Income Opportunity Fund by 4.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 77,134 shares of the company’s stock valued at $800,000 after purchasing an additional 3,612 shares during the period.

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.