Short Interest in Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Grows By 97.5%

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 221,200 shares, an increase of 97.5% from the February 28th total of 112,000 shares. Based on an average trading volume of 295,900 shares, the short-interest ratio is presently 0.7 days.

Nuveen Municipal High Income Opportunity Fund Stock Performance

Shares of Nuveen Municipal High Income Opportunity Fund stock traded down $0.04 during trading on Friday, reaching $10.81. The company had a trading volume of 246,382 shares, compared to its average volume of 331,538. Nuveen Municipal High Income Opportunity Fund has a fifty-two week low of $10.09 and a fifty-two week high of $11.90. The firm’s fifty day moving average is $11.13 and its 200-day moving average is $11.22.

Nuveen Municipal High Income Opportunity Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.0655 per share. This represents a $0.79 annualized dividend and a yield of 7.27%. The ex-dividend date of this dividend is Friday, March 14th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Traynor Capital Management Inc. raised its position in shares of Nuveen Municipal High Income Opportunity Fund by 0.7% during the 4th quarter. Traynor Capital Management Inc. now owns 139,844 shares of the company’s stock valued at $1,512,000 after acquiring an additional 1,032 shares in the last quarter. First Foundation Advisors boosted its holdings in Nuveen Municipal High Income Opportunity Fund by 14.3% in the fourth quarter. First Foundation Advisors now owns 11,425 shares of the company’s stock worth $124,000 after purchasing an additional 1,425 shares during the period. Farther Finance Advisors LLC increased its stake in Nuveen Municipal High Income Opportunity Fund by 107.4% during the fourth quarter. Farther Finance Advisors LLC now owns 3,347 shares of the company’s stock valued at $36,000 after purchasing an additional 1,733 shares during the last quarter. Truist Financial Corp raised its holdings in shares of Nuveen Municipal High Income Opportunity Fund by 3.6% during the fourth quarter. Truist Financial Corp now owns 56,416 shares of the company’s stock worth $610,000 after purchasing an additional 1,971 shares during the period. Finally, LPL Financial LLC lifted its position in shares of Nuveen Municipal High Income Opportunity Fund by 0.7% in the 4th quarter. LPL Financial LLC now owns 393,775 shares of the company’s stock worth $4,257,000 after buying an additional 2,550 shares during the last quarter.

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.