Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Short Interest Update

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 221,200 shares, a growth of 97.5% from the February 28th total of 112,000 shares. Based on an average daily trading volume, of 295,900 shares, the short-interest ratio is presently 0.7 days.

Nuveen Municipal High Income Opportunity Fund Price Performance

Nuveen Municipal High Income Opportunity Fund stock traded down $0.04 during midday trading on Friday, reaching $10.81. The company’s stock had a trading volume of 246,382 shares, compared to its average volume of 331,538. Nuveen Municipal High Income Opportunity Fund has a fifty-two week low of $10.09 and a fifty-two week high of $11.90. The stock’s 50 day simple moving average is $11.13 and its 200 day simple moving average is $11.22.

Nuveen Municipal High Income Opportunity Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a dividend of $0.0655 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.79 annualized dividend and a yield of 7.27%.

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 the business. B. Riley Wealth Advisors Inc. lifted its position in shares of Nuveen Municipal High Income Opportunity Fund by 9.5% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 51,582 shares of the company’s stock valued at $558,000 after acquiring an additional 4,477 shares in the last quarter. Elequin Capital LP purchased a new position in Nuveen Municipal High Income Opportunity Fund in the 4th quarter valued at about $277,000. Cetera Investment Advisers boosted its stake in shares of Nuveen Municipal High Income Opportunity Fund by 13.9% during the 4th quarter. Cetera Investment Advisers now owns 321,708 shares of the company’s stock worth $3,478,000 after purchasing an additional 39,280 shares during the last quarter. Captrust Financial Advisors purchased a new stake in shares of Nuveen Municipal High Income Opportunity Fund during the fourth quarter worth about $120,000. Finally, Citadel Advisors LLC acquired a new position in shares of Nuveen Municipal High Income Opportunity Fund in the fourth quarter valued at approximately $139,000.

About Nuveen Municipal High Income Opportunity Fund

Nuveen Municipal High Income Opportunity Fund is a closed-end fixed income mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade tax-exempt municipal securities.