Short Interest in Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) Expands By 5,415.4%

Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) 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

Hedge funds have recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Nuveen Municipal Credit Opportunities Fund in the third quarter valued at about $119,000. Truist Financial Corp acquired a new position in shares of Nuveen Municipal Credit Opportunities Fund in the 2nd quarter worth approximately $115,000. Sonora Investment Management Group LLC purchased a new position in shares of Nuveen Municipal Credit Opportunities Fund during the 4th quarter worth approximately $128,000. HighTower Advisors LLC increased its holdings in Nuveen Municipal Credit Opportunities Fund by 8.9% in the 3rd quarter. HighTower Advisors LLC now owns 14,435 shares of the company’s stock valued at $169,000 after purchasing an additional 1,182 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC raised its position in Nuveen Municipal Credit Opportunities Fund by 9.5% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 23,090 shares of the company’s stock valued at $245,000 after purchasing an additional 2,000 shares during the period.

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.