Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO – Get Free Report) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 71,700 shares, an increase of 5,415.4% from the December 31st total of 1,300 shares. Based on an average daily volume of 257,600 shares, the short-interest ratio is presently 0.3 days.
Nuveen Municipal Credit Opportunities Fund Stock Up 0.7 %
Shares of NMCO traded up $0.08 during midday trading on Thursday, reaching $10.99. The company had a trading volume of 112,248 shares, compared to its average volume of 119,671. The firm has a 50 day simple moving average of $10.85 and a 200-day simple moving average of $11.20. Nuveen Municipal Credit Opportunities Fund has a 1-year low of $10.37 and a 1-year high of $12.20.
Nuveen Municipal Credit Opportunities Fund Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be paid a dividend of $0.0685 per share. This represents a $0.82 dividend on an annualized basis and a yield of 7.48%. The ex-dividend date of this dividend is Wednesday, January 15th.
Institutional Trading of Nuveen Municipal Credit Opportunities Fund
About Nuveen Municipal Credit Opportunities Fund
Nuveen Municipal Credit Opportunities Fund (NMCO) seeks to provide a high level of current income exempt from regular U.S. federal income tax and secondarily, total return. The Fund invests primarily in high yielding, low- to medium-quality municipal securities that, at the time of investment, are rated Baa/BBB or lower or, if unrated, are judged by the portfolio managers to be of comparable quality.
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