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

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) was the target of a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 155,300 shares, a decrease of 53.6% from the November 15th total of 334,900 shares. Based on an average daily volume of 321,400 shares, the days-to-cover ratio is presently 0.5 days.

Nuveen Municipal High Income Opportunity Fund Stock Down 0.5 %

Shares of NYSE NMZ opened at $11.34 on Friday. The stock has a fifty day moving average price of $11.34 and a 200 day moving average price of $11.13. Nuveen Municipal High Income Opportunity Fund has a 1-year low of $9.49 and a 1-year high of $11.90.

Nuveen Municipal High Income Opportunity Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.0655 dividend. This represents a $0.79 annualized dividend and a dividend yield of 6.93%. The ex-dividend date of this dividend is Friday, December 13th.

Institutional Trading of Nuveen Municipal High Income Opportunity Fund

Several hedge funds and other institutional investors have recently made changes to their positions in NMZ. Dynamic Advisor Solutions LLC boosted its stake in shares of Nuveen Municipal High Income Opportunity Fund by 9.7% in the third quarter. Dynamic Advisor Solutions LLC now owns 11,709 shares of the company’s stock valued at $137,000 after buying an additional 1,038 shares in the last quarter. Capital Investment Advisors LLC lifted its holdings in Nuveen Municipal High Income Opportunity Fund by 2.8% in the third quarter. Capital Investment Advisors LLC now owns 40,506 shares of the company’s stock valued at $472,000 after acquiring an additional 1,088 shares during the period. Traynor Capital Management Inc. boosted its position in shares of Nuveen Municipal High Income Opportunity Fund by 1.3% during the 2nd quarter. Traynor Capital Management Inc. now owns 119,445 shares of the company’s stock worth $1,289,000 after purchasing an additional 1,522 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of Nuveen Municipal High Income Opportunity Fund by 2.0% during the 2nd quarter. Private Advisor Group LLC now owns 114,849 shares of the company’s stock worth $1,239,000 after purchasing an additional 2,240 shares during the period. Finally, Kercheville Advisors LLC grew its stake in shares of Nuveen Municipal High Income Opportunity Fund by 16.9% during the 3rd quarter. Kercheville Advisors LLC now owns 17,442 shares of the company’s stock worth $203,000 after purchasing an additional 2,520 shares during the period.

About Nuveen Municipal High Income Opportunity Fund

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.