Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) Stock Short Interest Report for October

Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) saw a significant drop in short interest in October. As of October 30th, there was short interest totaling 115,664 shares, a drop of 88.4% from the October 15th total of 1,000,837 shares. Based on an average trading volume of 654,503 shares, the short-interest ratio is presently 0.2 days.

Nuveen Municipal Credit Opportunities Fund Trading Up 0.4%

Shares of Nuveen Municipal Credit Opportunities Fund stock traded up $0.04 during trading on Wednesday, hitting $8.94. 315,493 shares of the company’s stock traded hands, compared to its average volume of 287,643. Nuveen Municipal Credit Opportunities Fund has a 1 year low of $8.33 and a 1 year high of $11.00. The business has a 50-day simple moving average of $9.12 and a 200-day simple moving average of $10.28.

Nuveen Municipal Credit Opportunities Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be paid a dividend of $0.0685 per share. The ex-dividend date is Friday, November 13th. This represents a $0.82 annualized dividend and a yield of 9.2%.

Insider Buying and Selling

In other Nuveen Municipal Credit Opportunities Fund news, Portfolio Manager Michael S. Hamilton bought 3,000 shares of the business’s stock in a transaction on Friday, October 9th. The shares were acquired at an average cost of $8.70 per share, for a total transaction of $26,100.00. Following the purchase, the portfolio manager owned 3,000 shares in the company, valued at approximately $26,100. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Young L. Robert bought 28,575 shares of Nuveen Municipal Credit Opportunities Fund stock in a transaction on Friday, October 23rd. The stock was acquired at an average cost of $8.71 per share, with a total value of $248,888.25. Following the acquisition, the insider owned 28,575 shares in the company, valued at approximately $248,888.25. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information.

Hedge Funds Weigh In On Nuveen Municipal Credit Opportunities Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE boosted its holdings in shares of Nuveen Municipal Credit Opportunities Fund by 12.1% during the 1st quarter. Bank of America Corp DE now owns 1,565,852 shares of the company’s stock valued at $16,567,000 after acquiring an additional 168,635 shares during the last quarter. Melone Private Wealth LLC raised its holdings in shares of Nuveen Municipal Credit Opportunities Fund by 8.3% during the second quarter. Melone Private Wealth LLC now owns 697,450 shares of the company’s stock valued at $7,595,000 after purchasing an additional 53,453 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Nuveen Municipal Credit Opportunities Fund by 72.0% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 320,389 shares of the company’s stock valued at $3,489,000 after purchasing an additional 134,105 shares during the last quarter. HighTower Advisors LLC lifted its position in Nuveen Municipal Credit Opportunities Fund by 7.6% during the second quarter. HighTower Advisors LLC now owns 292,789 shares of the company’s stock valued at $3,048,000 after purchasing an additional 20,619 shares during the period. Finally, Advisors Asset Management Inc. bought a new position in Nuveen Municipal Credit Opportunities Fund during the third quarter valued at approximately $1,958,000.

Nuveen Municipal Credit Opportunities Fund Company Profile

Nuveen Municipal Credit Opportunities Fund (NYSE: NMCO) is a closed-end management investment company advised by Nuveen Asset Management, LLC. The fund seeks to provide current income that is generally exempt from regular federal income tax, with capital appreciation as a secondary objective. NMCO invests primarily in municipal securities issued by states, cities, counties, special districts and other governmental or public entities in the United States. Its portfolio may emphasize lower-rated, unrated or otherwise credit-sensitive municipal bonds, allowing the fund to pursue opportunities across the municipal credit market while accepting greater credit and investment risk than funds focused solely on highly rated securities.