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

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

Nuveen Municipal High Income Opportunity Fund Stock Performance

NMZ traded down $0.12 during midday trading on Friday, reaching $11.16. The company’s stock had a trading volume of 418,373 shares, compared to its average volume of 339,174. The company has a fifty day simple moving average of $11.44 and a 200 day simple moving average of $11.02. Nuveen Municipal High Income Opportunity Fund has a twelve month low of $9.48 and a twelve month high of $11.90.

Nuveen Municipal High Income Opportunity Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued a $0.0655 dividend. This represents a $0.79 dividend on an annualized basis and a yield of 7.04%. The ex-dividend date is Friday, November 15th. This is an increase from Nuveen Municipal High Income Opportunity Fund’s previous monthly dividend of $0.07.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Melone Private Wealth LLC raised its stake in Nuveen Municipal High Income Opportunity Fund by 1.6% during the third quarter. Melone Private Wealth LLC now owns 528,673 shares of the company’s stock worth $6,164,000 after acquiring an additional 8,282 shares in the last quarter. Raymond James & Associates raised its holdings in shares of Nuveen Municipal High Income Opportunity Fund by 2.2% in the 3rd quarter. Raymond James & Associates now owns 516,479 shares of the company’s stock worth $6,022,000 after acquiring an additional 11,214 shares during the last quarter. OneDigital Investment Advisors LLC grew its position in Nuveen Municipal High Income Opportunity Fund by 3.6% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 463,427 shares of the company’s stock worth $5,404,000 after purchasing an additional 15,985 shares in the last quarter. Robinson Capital Management LLC grew its position in shares of Nuveen Municipal High Income Opportunity Fund by 31.3% during the 1st quarter. Robinson Capital Management LLC now owns 448,330 shares of the company’s stock valued at $4,649,000 after acquiring an additional 106,946 shares during the period. Finally, High Net Worth Advisory Group LLC grew its position in shares of Nuveen Municipal High Income Opportunity Fund by 14.7% during the 3rd quarter. High Net Worth Advisory Group LLC now owns 298,069 shares of the company’s stock valued at $3,476,000 after acquiring an additional 38,217 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.