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

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) was the target of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 142,134 shares, a decline of 57.2% from the May 31st total of 332,146 shares. Based on an average daily trading volume, of 802,237 shares, the short-interest ratio is currently 0.2 days.

Nuveen Municipal High Income Opportunity Fund Stock Down 0.3%

Nuveen Municipal High Income Opportunity Fund stock traded down $0.04 during trading hours on Wednesday, hitting $10.54. 689,488 shares of the company traded hands, compared to its average volume of 542,715. Nuveen Municipal High Income Opportunity Fund has a 1-year low of $9.83 and a 1-year high of $10.77. The firm’s 50-day simple moving average is $10.26 and its two-hundred day simple moving average is $10.35.

Nuveen Municipal High Income Opportunity Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be given a dividend of $0.0655 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. UBS Group AG increased its stake in shares of Nuveen Municipal High Income Opportunity Fund by 3.7% in the fourth quarter. UBS Group AG now owns 2,031,169 shares of the company’s stock worth $20,698,000 after acquiring an additional 72,869 shares during the last quarter. Guggenheim Capital LLC boosted its position in Nuveen Municipal High Income Opportunity Fund by 10.5% during the fourth quarter. Guggenheim Capital LLC now owns 1,816,855 shares of the company’s stock valued at $18,514,000 after purchasing an additional 172,150 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in Nuveen Municipal High Income Opportunity Fund by 57.5% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,140,557 shares of the company’s stock valued at $11,622,000 after purchasing an additional 416,337 shares in the last quarter. Raymond James Financial Inc. grew its stake in Nuveen Municipal High Income Opportunity Fund by 9.8% in the third quarter. Raymond James Financial Inc. now owns 1,125,161 shares of the company’s stock valued at $11,915,000 after purchasing an additional 100,526 shares in the last quarter. Finally, LPL Financial LLC increased its position in Nuveen Municipal High Income Opportunity Fund by 21.2% in the 4th quarter. LPL Financial LLC now owns 731,023 shares of the company’s stock worth $7,449,000 after purchasing an additional 128,087 shares during the last quarter.

Nuveen Municipal High Income Opportunity Fund Company Profile

Nuveen Municipal High Income Opportunity Fund (NYSE: NMZ) is a closed-end management investment company that seeks to provide high current income exempt from federal income tax. The fund accomplishes this objective primarily through investments in a diversified portfolio of municipal obligations issued by state and local governments and their agencies across the United States. These securities may include general obligation bonds, revenue bonds, auction-rate securities and other types of tax-exempt debt.

To enhance yield, the fund employs leverage by borrowing against its assets, a strategy common among closed-end municipal funds.