Short Interest in Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Rises By 132.5%

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 162,863 shares, a growth of 132.5% from the June 30th total of 70,042 shares. Based on an average daily trading volume, of 591,477 shares, the short-interest ratio is presently 0.3 days.

Institutional Investors Weigh In On Nuveen Municipal High Income Opportunity Fund

A number of large investors have recently added to or reduced their stakes in NMZ. Hennion & Walsh Asset Management Inc. boosted its stake in Nuveen Municipal High Income Opportunity Fund by 35.3% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 2,217,036 shares of the company’s stock valued at $23,434,000 after purchasing an additional 577,934 shares during the period. Jane Street Group LLC increased its stake in shares of Nuveen Municipal High Income Opportunity Fund by 1,411.1% in the fourth quarter. Jane Street Group LLC now owns 259,389 shares of the company’s stock valued at $2,643,000 after buying an additional 242,223 shares during the period. UBS Group AG grew its stake in shares of Nuveen Municipal High Income Opportunity Fund by 10.4% in the third quarter. UBS Group AG now owns 1,958,300 shares of the company’s stock worth $20,738,000 after purchasing an additional 183,725 shares during the last quarter. Melone Private Wealth LLC lifted its holdings in Nuveen Municipal High Income Opportunity Fund by 25.8% during the 2nd quarter. Melone Private Wealth LLC now owns 846,287 shares of the company’s stock worth $8,945,000 after buying an additional 173,665 shares during the period. Finally, Guggenheim Capital LLC lifted its stake in shares of Nuveen Municipal High Income Opportunity Fund by 10.5% in the fourth quarter. Guggenheim Capital LLC now owns 1,816,855 shares of the company’s stock worth $18,514,000 after acquiring an additional 172,150 shares during the period.

Nuveen Municipal High Income Opportunity Fund Stock Down 0.9%

NYSE NMZ traded down $0.10 during trading on Thursday, reaching $10.12. 519,608 shares of the stock traded hands, compared to its average volume of 550,304. Nuveen Municipal High Income Opportunity Fund has a fifty-two week low of $9.89 and a fifty-two week high of $10.77. The stock’s 50-day moving average price is $10.33 and its 200 day moving average price is $10.37.

Nuveen Municipal High Income Opportunity Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th will be issued a $0.0655 dividend. The ex-dividend date is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%.

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.