Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Sees Significant Increase in Short Interest

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 245,800 shares, an increase of 252.7% from the September 15th total of 69,700 shares. Based on an average trading volume of 325,300 shares, the short-interest ratio is presently 0.8 days. Based on an average trading volume of 325,300 shares, the short-interest ratio is presently 0.8 days.

Insiders Place Their Bets

In other news, major shareholder Of America Corp /De/ Bank bought 6,440 shares of Nuveen Municipal High Income Opportunity Fund stock in a transaction that occurred on Friday, October 10th. The stock was bought at an average price of $10.56 per share, for a total transaction of $68,006.40. Following the purchase, the insider directly owned 6,440 shares of the company’s stock, valued at approximately $68,006.40. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have purchased 17,414 shares of company stock valued at $184,766 in the last three months.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Gridiron Partners LLC lifted its position in Nuveen Municipal High Income Opportunity Fund by 282.0% during the third quarter. Gridiron Partners LLC now owns 1,649,372 shares of the company’s stock valued at $17,467,000 after purchasing an additional 1,217,594 shares during the period. Raymond James Financial Inc. lifted its position in Nuveen Municipal High Income Opportunity Fund by 2.5% during the second quarter. Raymond James Financial Inc. now owns 1,024,635 shares of the company’s stock valued at $10,625,000 after purchasing an additional 24,840 shares during the period. Melone Private Wealth LLC lifted its position in Nuveen Municipal High Income Opportunity Fund by 4.6% during the third quarter. Melone Private Wealth LLC now owns 593,859 shares of the company’s stock valued at $6,289,000 after purchasing an additional 25,997 shares during the period. Bank of America Corp DE lifted its position in Nuveen Municipal High Income Opportunity Fund by 0.6% during the second quarter. Bank of America Corp DE now owns 565,929 shares of the company’s stock valued at $5,869,000 after purchasing an additional 3,483 shares during the period. Finally, Cetera Investment Advisers lifted its position in Nuveen Municipal High Income Opportunity Fund by 6.5% during the second quarter. Cetera Investment Advisers now owns 351,167 shares of the company’s stock valued at $3,642,000 after purchasing an additional 21,372 shares during the period.

Nuveen Municipal High Income Opportunity Fund Stock Performance

Shares of NMZ stock opened at $10.57 on Monday. The business has a fifty day moving average of $10.36 and a 200 day moving average of $10.30. Nuveen Municipal High Income Opportunity Fund has a 1 year low of $9.36 and a 1 year high of $11.63.

Nuveen Municipal High Income Opportunity Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Investors of record on Wednesday, October 15th will be paid a $0.0655 dividend. The ex-dividend date is Wednesday, October 15th. This represents a c) dividend on an annualized basis and a yield of 7.4%.

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.