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

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 244,000 shares, a decrease of 25.6% from the December 15th total of 327,800 shares. Based on an average daily volume of 357,600 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Dynamic Advisor Solutions LLC lifted its position in shares of Nuveen Municipal High Income Opportunity Fund by 9.7% during the third quarter. Dynamic Advisor Solutions LLC now owns 11,709 shares of the company’s stock worth $137,000 after acquiring 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% during the 3rd quarter. Capital Investment Advisors LLC now owns 40,506 shares of the company’s stock worth $472,000 after purchasing an additional 1,088 shares in the last quarter. Kercheville Advisors LLC lifted its holdings in 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 in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Nuveen Municipal High Income Opportunity Fund by 56.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,701 shares of the company’s stock worth $83,000 after purchasing an additional 2,766 shares during the period. Finally, FF Advisors LLC grew its holdings in Nuveen Municipal High Income Opportunity Fund by 17.0% during the 4th quarter. FF Advisors LLC now owns 23,066 shares of the company’s stock valued at $262,000 after buying an additional 3,348 shares in the last quarter.

Nuveen Municipal High Income Opportunity Fund Price Performance

NYSE:NMZ traded up $0.01 on Wednesday, reaching $10.94. 346,501 shares of the company’s stock were exchanged, compared to its average volume of 326,989. The stock has a fifty day simple moving average of $11.14 and a 200-day simple moving average of $11.18. Nuveen Municipal High Income Opportunity Fund has a 52 week low of $9.49 and a 52 week high of $11.90.

Nuveen Municipal High Income Opportunity Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be issued a $0.0655 dividend. This represents a $0.79 annualized dividend and a yield of 7.18%. The ex-dividend date is Wednesday, January 15th.

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.