Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Short Interest Down 33.9% in February

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) saw a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 112,000 shares, a decline of 33.9% from the February 13th total of 169,400 shares. Based on an average trading volume of 317,500 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. B. Riley Wealth Advisors Inc. raised its position in Nuveen Municipal High Income Opportunity Fund by 9.5% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 51,582 shares of the company’s stock valued at $558,000 after purchasing an additional 4,477 shares during the last quarter. Elequin Capital LP bought a new position in Nuveen Municipal High Income Opportunity Fund during the 4th quarter valued at approximately $277,000. Cetera Investment Advisers raised its position in Nuveen Municipal High Income Opportunity Fund by 13.9% during the 4th quarter. Cetera Investment Advisers now owns 321,708 shares of the company’s stock valued at $3,478,000 after purchasing an additional 39,280 shares during the last quarter. Captrust Financial Advisors bought a new position in Nuveen Municipal High Income Opportunity Fund during the 4th quarter valued at approximately $120,000. Finally, Citadel Advisors LLC bought a new position in Nuveen Municipal High Income Opportunity Fund during the 4th quarter valued at approximately $139,000.

Nuveen Municipal High Income Opportunity Fund Trading Down 0.2 %

Shares of NYSE NMZ traded down $0.03 during midday trading on Monday, reaching $11.02. The company had a trading volume of 132,609 shares, compared to its average volume of 331,096. Nuveen Municipal High Income Opportunity Fund has a one year low of $10.09 and a one year high of $11.90. The firm’s fifty day moving average price is $11.12 and its 200-day moving average price is $11.26.

Nuveen Municipal High Income Opportunity Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a $0.0655 dividend. This represents a $0.79 dividend on an annualized basis and a dividend yield of 7.14%. The ex-dividend date of this dividend is Friday, March 14th.

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.