Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) Short Interest Update

Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 71,700 shares, an increase of 5,415.4% from the December 15th total of 1,300 shares. Based on an average trading volume of 257,600 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of Nuveen Municipal Credit Opportunities Fund

Institutional investors have recently modified their holdings of the stock. Melone Private Wealth LLC boosted its stake in shares of Nuveen Municipal Credit Opportunities Fund by 1.9% in the fourth quarter. Melone Private Wealth LLC now owns 531,644 shares of the company’s stock worth $5,641,000 after acquiring an additional 9,737 shares during the last quarter. World Investment Advisors LLC acquired a new stake in Nuveen Municipal Credit Opportunities Fund during the 3rd quarter worth $552,000. HighTower Advisors LLC grew its holdings in shares of Nuveen Municipal Credit Opportunities Fund by 8.9% during the third quarter. HighTower Advisors LLC now owns 14,435 shares of the company’s stock worth $169,000 after buying an additional 1,182 shares in the last quarter. Catalina Capital Group LLC raised its position in shares of Nuveen Municipal Credit Opportunities Fund by 53.9% in the third quarter. Catalina Capital Group LLC now owns 29,585 shares of the company’s stock valued at $345,000 after buying an additional 10,365 shares during the last quarter. Finally, PFG Investments LLC raised its position in shares of Nuveen Municipal Credit Opportunities Fund by 154.7% in the third quarter. PFG Investments LLC now owns 77,390 shares of the company’s stock valued at $903,000 after buying an additional 47,000 shares during the last quarter.

Nuveen Municipal Credit Opportunities Fund Stock Down 0.8 %

Shares of Nuveen Municipal Credit Opportunities Fund stock traded down $0.09 on Tuesday, reaching $10.60. The company’s stock had a trading volume of 12,847 shares, compared to its average volume of 114,952. The stock has a 50-day moving average price of $10.93 and a 200-day moving average price of $11.22. Nuveen Municipal Credit Opportunities Fund has a 52-week low of $10.37 and a 52-week high of $12.20.

Nuveen Municipal Credit Opportunities Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be given a dividend of $0.0685 per share. This represents a $0.82 dividend on an annualized basis and a yield of 7.75%. The ex-dividend date of this dividend is Wednesday, January 15th.

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.