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

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

Nuveen Municipal High Income Opportunity Fund Trading Down 0.2 %

NYSE NMZ traded down $0.03 during trading hours on Monday, reaching $11.02. 132,609 shares of the stock traded hands, compared to its average volume of 331,096. The stock has a 50 day simple moving average of $11.12 and a two-hundred day simple moving average of $11.26. Nuveen Municipal High Income Opportunity Fund has a 1 year low of $10.09 and a 1 year high of $11.90.

Nuveen Municipal High Income Opportunity Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a dividend of $0.0655 per share. The ex-dividend date is Friday, March 14th. This represents a $0.79 dividend on an annualized basis and a yield of 7.14%.

Institutional Investors Weigh In On Nuveen Municipal High Income Opportunity Fund

A number of large investors have recently added to or reduced their stakes in NMZ. Harbour Investments Inc. raised its position in Nuveen Municipal High Income Opportunity Fund by 59.0% during the third quarter. Harbour Investments Inc. now owns 69,805 shares of the company’s stock valued at $814,000 after purchasing an additional 25,897 shares in the last quarter. OneDigital Investment Advisors LLC lifted its stake in shares of 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 valued at $5,404,000 after acquiring an additional 15,985 shares during the last quarter. Cerity Partners LLC lifted its stake in shares of Nuveen Municipal High Income Opportunity Fund by 81.6% in the 3rd quarter. Cerity Partners LLC now owns 47,608 shares of the company’s stock valued at $555,000 after acquiring an additional 21,390 shares during the last quarter. Horizon Kinetics Asset Management LLC lifted its stake in shares of Nuveen Municipal High Income Opportunity Fund by 67.1% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 17,322 shares of the company’s stock valued at $202,000 after acquiring an additional 6,953 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its stake in shares of Nuveen Municipal High Income Opportunity Fund by 234.4% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 47,105 shares of the company’s stock valued at $552,000 after acquiring an additional 33,020 shares during the last quarter.

Nuveen Municipal High Income Opportunity Fund Company Profile

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.