Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Shares Shorted: Short Interest Up 1,669.4% in October

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) was the target of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 8,078,970 shares, an increase of 1,669.4% from the October 15th total of 456,604 shares. Based on an average daily volume of 2,785,318 shares, the short-interest ratio is currently 2.9 days.

Institutional Trading of Nuveen Municipal High Income Opportunity Fund

Several institutional investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. acquired a new position in Nuveen Municipal High Income Opportunity Fund in the first quarter valued at $36,000. Allied Private Wealth LLC acquired a new stake in Nuveen Municipal High Income Opportunity Fund during the second quarter worth about $40,000. Smallwood Wealth Investment Management LLC acquired a new stake in Nuveen Municipal High Income Opportunity Fund during the second quarter worth about $69,000. Washington Trust Advisors Inc. purchased a new position in shares of Nuveen Municipal High Income Opportunity Fund in the 3rd quarter worth about $69,000. Finally, Independent Financial Group LLC purchased a new position in shares of Nuveen Municipal High Income Opportunity Fund in the 1st quarter worth about $104,000.

Nuveen Municipal High Income Opportunity Fund Stock Down 1.1%

NYSE:NMZ traded down $0.10 during mid-day trading on Thursday, reaching $8.82. The company’s stock had a trading volume of 551,583 shares, compared to its average volume of 845,469. The company’s fifty day simple moving average is $9.11 and its two-hundred day simple moving average is $10.02. Nuveen Municipal High Income Opportunity Fund has a twelve month low of $8.62 and a twelve month high of $10.76.

Nuveen Municipal High Income Opportunity Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be issued a $0.0655 dividend. This represents a $0.79 dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date is Friday, November 13th.

Nuveen Municipal High Income Opportunity Fund Company Profile

Nuveen Municipal High Income Opportunity Fund (NYSE: NMZ) is a closed-end investment fund managed by Nuveen, an investment management firm and subsidiary of TIAA. The fund seeks to provide high current income that is exempt from regular U.S. federal income tax by investing primarily in municipal securities issued by states, municipalities and other governmental entities. The fund focuses on municipal bonds and related investments, including securities that may carry below-investment-grade ratings or be considered unrated.