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

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) was the target of a large drop in short interest in 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 trading volume of 485,761 shares, the short-interest ratio is presently 1.0 days.

Nuveen Municipal High Income Opportunity Fund Stock Down 1.4%

NYSE NMZ traded down $0.15 during trading hours on Friday, hitting $10.16. The company had a trading volume of 160,463 shares, compared to its average volume of 481,893. Nuveen Municipal High Income Opportunity Fund has a fifty-two week low of $9.83 and a fifty-two week high of $10.77. The firm’s 50 day moving average is $10.31 and its 200 day moving average is $10.43.

Nuveen Municipal High Income Opportunity Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be given a $0.0655 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) annualized dividend and a yield of 7.7%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Guerra Advisors Inc acquired a new position in Nuveen Municipal High Income Opportunity Fund in the 3rd quarter worth $25,000. Geneos Wealth Management Inc. purchased a new stake in shares of Nuveen Municipal High Income Opportunity Fund during the first quarter worth about $36,000. Comerica Bank increased its position in shares of Nuveen Municipal High Income Opportunity Fund by 102.2% during the third quarter. Comerica Bank now owns 4,550 shares of the company’s stock worth $48,000 after acquiring an additional 2,300 shares during the last quarter. Allworth Financial LP acquired a new position in shares of Nuveen Municipal High Income Opportunity Fund in the fourth quarter worth about $61,000. Finally, Global Retirement Partners LLC boosted its holdings in Nuveen Municipal High Income Opportunity Fund by 1,960.5% in the fourth quarter. Global Retirement Partners LLC now owns 6,779 shares of the company’s stock valued at $69,000 after purchasing an additional 6,450 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.