Short Interest in Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) Declines By 33.0%

Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) saw a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 70,300 shares, a drop of 33.0% from the February 13th total of 105,000 shares. Based on an average daily volume of 210,600 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On Nuveen Municipal Credit Opportunities Fund

Several large investors have recently added to or reduced their stakes in the company. Stifel Financial Corp boosted its position in Nuveen Municipal Credit Opportunities Fund by 9.0% during the fourth quarter. Stifel Financial Corp now owns 12,146 shares of the company’s stock worth $129,000 after purchasing an additional 1,000 shares during the period. HighTower Advisors LLC lifted its stake in shares of Nuveen Municipal Credit Opportunities Fund by 8.9% during the 3rd quarter. HighTower Advisors LLC now owns 14,435 shares of the company’s stock valued at $169,000 after buying an additional 1,182 shares in the last quarter. Kingswood Wealth Advisors LLC boosted its holdings in Nuveen Municipal Credit Opportunities Fund by 9.5% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 23,090 shares of the company’s stock worth $245,000 after buying an additional 2,000 shares during the period. PFG Investments LLC grew its stake in Nuveen Municipal Credit Opportunities Fund by 2.7% in the 4th quarter. PFG Investments LLC now owns 79,502 shares of the company’s stock valued at $844,000 after buying an additional 2,112 shares in the last quarter. Finally, Wakefield Asset Management LLLP raised its holdings in Nuveen Municipal Credit Opportunities Fund by 3.5% during the 4th quarter. Wakefield Asset Management LLLP now owns 81,949 shares of the company’s stock valued at $869,000 after acquiring an additional 2,772 shares during the period.

Nuveen Municipal Credit Opportunities Fund Price Performance

Nuveen Municipal Credit Opportunities Fund stock traded down $0.12 during trading on Friday, hitting $10.93. The stock had a trading volume of 64,548 shares, compared to its average volume of 193,752. The stock’s 50 day moving average is $11.00 and its two-hundred day moving average is $11.18. Nuveen Municipal Credit Opportunities Fund has a 1 year low of $10.01 and a 1 year high of $12.20.

Nuveen Municipal Credit Opportunities Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $0.0685 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 7.52%. The ex-dividend date is Friday, March 14th. This is a boost from Nuveen Municipal Credit Opportunities Fund’s previous monthly dividend of $0.06.

Nuveen Municipal Credit Opportunities Fund Company Profile

Nuveen Municipal Credit Opportunities Fund (NMCO) seeks to provide a high level of current income exempt from regular U.S. federal income tax and secondarily, total return. The Fund invests primarily in high yielding, low- to medium-quality municipal securities that, at the time of investment, are rated Baa/BBB or lower or, if unrated, are judged by the portfolio managers to be of comparable quality.