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

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

Institutional Trading of Nuveen Municipal High Income Opportunity Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. FF Advisors LLC raised its stake in shares of Nuveen Municipal High Income Opportunity Fund by 17.0% in the fourth quarter. FF Advisors LLC now owns 23,066 shares of the company’s stock worth $262,000 after acquiring an additional 3,348 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its position in Nuveen Municipal High Income Opportunity Fund by 196.7% in 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. Park Avenue Securities LLC raised its position in Nuveen Municipal High Income Opportunity Fund by 19.6% in the 4th quarter. Park Avenue Securities LLC now owns 181,051 shares of the company’s stock worth $1,957,000 after purchasing an additional 29,715 shares during the last quarter. Integrated Capital Management Inc. lifted its holdings in 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 buying an additional 7,089 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its position 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 during the last quarter.

Nuveen Municipal High Income Opportunity Fund Stock Up 0.5 %

Shares of NMZ traded up $0.06 on Monday, hitting $11.32. The company’s stock had a trading volume of 149,168 shares, compared to its average volume of 271,310. The company has a 50 day moving average price of $11.05 and a 200 day moving average price of $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 firm also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a dividend of $0.0655 per share. This represents a $0.79 annualized dividend and a dividend yield of 6.95%. The ex-dividend date 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.