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

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) was the recipient of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 476,284 shares, a decline of 77.7% from the April 15th total of 2,139,796 shares. Based on an average daily trading volume, of 485,761 shares, the short-interest ratio is currently 1.0 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in NMZ. Royal Bank of Canada grew its holdings in Nuveen Municipal High Income Opportunity Fund by 10.6% during the 1st quarter. Royal Bank of Canada now owns 268,259 shares of the company’s stock worth $2,927,000 after acquiring an additional 25,765 shares in the last quarter. NewEdge Advisors LLC grew its holdings in Nuveen Municipal High Income Opportunity Fund by 2.7% during the 1st quarter. NewEdge Advisors LLC now owns 79,257 shares of the company’s stock worth $865,000 after acquiring an additional 2,112 shares in the last quarter. Jane Street Group LLC acquired a new position in Nuveen Municipal High Income Opportunity Fund during the 1st quarter worth $135,000. Raymond James Financial Inc. grew its holdings in Nuveen Municipal High Income Opportunity Fund by 2.5% during the 2nd quarter. Raymond James Financial Inc. now owns 1,024,635 shares of the company’s stock worth $10,625,000 after acquiring an additional 24,840 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in Nuveen Municipal High Income Opportunity Fund by 4.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 77,134 shares of the company’s stock worth $800,000 after acquiring an additional 3,612 shares in the last quarter.

Nuveen Municipal High Income Opportunity Fund Price Performance

NMZ stock traded down $0.16 during mid-day trading on Friday, hitting $10.14. 585,268 shares of the company were exchanged, compared to its average volume of 486,195. Nuveen Municipal High Income Opportunity Fund has a twelve month low of $9.83 and a twelve month high of $10.77. The firm has a fifty day simple moving average of $10.31 and a 200 day simple moving average of $10.43.

Nuveen Municipal High Income Opportunity Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be issued a dividend of $0.0655 per share. This represents a c) annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend is Friday, May 15th.

About Nuveen Municipal High Income Opportunity Fund

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.