Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Short Interest Update

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

Nuveen Municipal High Income Opportunity Fund Stock Performance

NYSE:NMZ traded down $0.04 on Friday, hitting $10.81. 246,382 shares of the stock were exchanged, compared to its average volume of 331,538. The stock has a fifty day moving average of $11.13 and a 200-day moving average of $11.22. Nuveen Municipal High Income Opportunity Fund has a fifty-two week low of $10.09 and a fifty-two week high of $11.90.

Nuveen Municipal High Income Opportunity Fund Dividend Announcement

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

Hedge Funds Weigh In On Nuveen Municipal High Income Opportunity Fund

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