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

Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 71,700 shares, a growth 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 currently 0.3 days.

Institutional Trading of Nuveen Municipal Credit Opportunities Fund

Hedge funds have recently added to or reduced their stakes in the company. Truist Financial Corp acquired a new position in shares of Nuveen Municipal Credit Opportunities Fund in the second quarter worth about $115,000. Sanctuary Advisors LLC acquired a new position in Nuveen Municipal Credit Opportunities Fund in the 2nd quarter worth about $1,548,000. Melone Private Wealth LLC grew its holdings in Nuveen Municipal Credit Opportunities Fund by 1.5% in the third quarter. Melone Private Wealth LLC now owns 521,907 shares of the company’s stock valued at $6,091,000 after purchasing an additional 7,701 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Nuveen Municipal Credit Opportunities Fund in the third quarter valued at approximately $119,000. Finally, Capital Investment Advisors LLC raised its stake in shares of Nuveen Municipal Credit Opportunities Fund by 1.6% during the 3rd quarter. Capital Investment Advisors LLC now owns 160,807 shares of the company’s stock worth $1,877,000 after buying an additional 2,557 shares during the period.

Nuveen Municipal Credit Opportunities Fund Stock Up 0.7 %

Nuveen Municipal Credit Opportunities Fund stock traded up $0.08 during midday trading on Thursday, hitting $10.99. 112,248 shares of the company were exchanged, compared to its average volume of 119,671. The business has a fifty day simple moving average of $10.85 and a two-hundred day simple moving average of $11.20. Nuveen Municipal Credit Opportunities Fund has a fifty-two week low of $10.37 and a fifty-two week 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. Stockholders of record on Wednesday, January 15th will be issued a dividend of $0.0685 per share. This represents a $0.82 annualized dividend and a dividend yield of 7.48%. The ex-dividend date is Wednesday, January 15th.

Nuveen Municipal Credit Opportunities Fund Company Profile

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.