Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Stock Short Interest Jumps 74.6%

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 149,994 shares, an increase of 74.6% from the August 31st total of 85,891 shares. Based on an average daily trading volume, of 1,168,548 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. MGO One Seven LLC increased its holdings in shares of Nuveen Municipal High Income Opportunity Fund by 4.2% during the second quarter. MGO One Seven LLC now owns 28,620 shares of the company’s stock worth $303,000 after buying an additional 1,156 shares in the last quarter. Concurrent Investment Advisors LLC boosted its holdings in shares of Nuveen Municipal High Income Opportunity Fund by 10.9% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 13,268 shares of the company’s stock worth $140,000 after acquiring an additional 1,304 shares in the last quarter. PFG Investments LLC boosted its holdings in shares of Nuveen Municipal High Income Opportunity Fund by 1.0% in the 1st quarter. PFG Investments LLC now owns 127,716 shares of the company’s stock worth $1,326,000 after acquiring an additional 1,315 shares in the last quarter. EQ Wealth Advisors LLC grew its position in Nuveen Municipal High Income Opportunity Fund by 3.5% during the 1st quarter. EQ Wealth Advisors LLC now owns 65,886 shares of the company’s stock worth $684,000 after acquiring an additional 2,240 shares during the last quarter. Finally, Palogic Value Management L.P. grew its position in Nuveen Municipal High Income Opportunity Fund by 1.9% during the 2nd quarter. Palogic Value Management L.P. now owns 135,750 shares of the company’s stock worth $1,435,000 after acquiring an additional 2,500 shares during the last quarter.

Nuveen Municipal High Income Opportunity Fund Stock Down 0.7%

Shares of NMZ traded down $0.06 during mid-day trading on Thursday, hitting $8.90. The company’s stock had a trading volume of 2,297,298 shares, compared to its average volume of 654,907. Nuveen Municipal High Income Opportunity Fund has a one year low of $8.70 and a one year high of $10.77. The stock’s 50-day moving average is $9.84 and its two-hundred day moving average is $10.14.

Nuveen Municipal High Income Opportunity Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th will be given a $0.0655 dividend. This represents a $0.79 annualized dividend and a yield of 8.8%. The ex-dividend date is Tuesday, September 15th.

About Nuveen Municipal High Income Opportunity Fund

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) is a closed-end investment company managed by Nuveen. The fund seeks to provide current income that is exempt from regular federal income tax by investing primarily in municipal securities issued by states, cities, counties and other public entities in the United States.

The fund focuses on higher-yielding municipal bonds, including securities that may carry lower credit ratings or be considered below investment grade. Its portfolio may include tax-exempt bonds financing public infrastructure, essential services and other governmental or community projects.