Short Interest in Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Declines By 23.4%

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) saw a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 186,900 shares, a drop of 23.4% from the October 15th total of 244,100 shares. Based on an average trading volume of 336,800 shares, the days-to-cover ratio is currently 0.6 days.

Nuveen Municipal High Income Opportunity Fund Stock Down 1.1 %

Shares of NMZ stock traded down $0.12 on Friday, reaching $11.16. The stock had a trading volume of 418,373 shares, compared to its average volume of 339,174. Nuveen Municipal High Income Opportunity Fund has a 12 month low of $9.48 and a 12 month high of $11.90. The firm’s 50-day moving average is $11.44 and its two-hundred day moving average is $11.02.

Nuveen Municipal High Income Opportunity Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a dividend of $0.0655 per share. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from Nuveen Municipal High Income Opportunity Fund’s previous monthly dividend of $0.07. This represents a $0.79 annualized dividend and a dividend yield of 7.04%.

Institutional Investors Weigh In On Nuveen Municipal High Income Opportunity Fund

Institutional investors and hedge funds have recently modified their holdings of the company. Atria Wealth Solutions Inc. boosted its holdings in shares of Nuveen Municipal High Income Opportunity Fund by 3.9% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 270,497 shares of the company’s stock valued at $2,919,000 after acquiring an additional 10,058 shares during the last quarter. Traynor Capital Management Inc. raised its position in shares of Nuveen Municipal High Income Opportunity Fund by 1.3% during the second quarter. Traynor Capital Management Inc. now owns 119,445 shares of the company’s stock valued at $1,289,000 after buying an additional 1,522 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in Nuveen Municipal High Income Opportunity Fund by 6.0% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 53,830 shares of the company’s stock worth $581,000 after purchasing an additional 3,047 shares in the last quarter. Tyche Wealth Partners LLC bought a new position in Nuveen Municipal High Income Opportunity Fund during the second quarter valued at approximately $126,000. Finally, High Net Worth Advisory Group LLC increased its position in Nuveen Municipal High Income Opportunity Fund by 23.9% in the second quarter. High Net Worth Advisory Group LLC now owns 259,852 shares of the company’s stock worth $2,804,000 after purchasing an additional 50,156 shares during the last quarter.

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.