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

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

Hedge Funds Weigh In On Nuveen Municipal High Income Opportunity Fund

Institutional investors have recently modified their holdings of the company. Hennion & Walsh Asset Management Inc. boosted its position in Nuveen Municipal High Income Opportunity Fund by 35.3% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 2,217,036 shares of the company’s stock worth $23,434,000 after acquiring an additional 577,934 shares during the last quarter. UBS Group AG raised its holdings in Nuveen Municipal High Income Opportunity Fund by 3.7% in the 4th quarter. UBS Group AG now owns 2,031,169 shares of the company’s stock valued at $20,698,000 after acquiring an additional 72,869 shares during the last quarter. Guggenheim Capital LLC raised its holdings in Nuveen Municipal High Income Opportunity Fund by 10.5% in the 4th quarter. Guggenheim Capital LLC now owns 1,816,855 shares of the company’s stock valued at $18,514,000 after acquiring an additional 172,150 shares during the last quarter. Raymond James Financial Inc. lifted its stake in shares of Nuveen Municipal High Income Opportunity Fund by 9.8% during the 3rd quarter. Raymond James Financial Inc. now owns 1,125,161 shares of the company’s stock worth $11,915,000 after purchasing an additional 100,526 shares during the period. Finally, Melone Private Wealth LLC lifted its stake in shares of 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 purchasing an additional 173,665 shares during the period.

Nuveen Municipal High Income Opportunity Fund Trading Up 0.0%

Nuveen Municipal High Income Opportunity Fund stock traded up $0.01 during midday trading on Wednesday, reaching $10.21. 630,789 shares of the company were exchanged, compared to its average volume of 550,735. The firm’s 50-day simple moving average is $10.32 and its 200-day simple moving average is $10.37. Nuveen Municipal High Income Opportunity Fund has a 1 year low of $9.87 and a 1 year high of $10.77.

Nuveen Municipal High Income Opportunity Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th will be paid a dividend of $0.0655 per share. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date of this dividend is Wednesday, July 15th.

About Nuveen Municipal High Income Opportunity Fund

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.