Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) Sees Large Increase in Short Interest

Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) was the target of a significant 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 trading volume of 257,600 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Nuveen Municipal Credit Opportunities Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Sanctuary Advisors LLC purchased a new stake in shares of Nuveen Municipal Credit Opportunities Fund in the second quarter valued at about $1,548,000. World Investment Advisors LLC acquired a new stake in Nuveen Municipal Credit Opportunities Fund in the third quarter valued at about $552,000. PFG Investments LLC boosted its holdings in Nuveen Municipal Credit Opportunities Fund by 154.7% in the 3rd quarter. PFG Investments LLC now owns 77,390 shares of the company’s stock valued at $903,000 after purchasing an additional 47,000 shares in the last quarter. Sonora Investment Management Group LLC acquired a new position in Nuveen Municipal Credit Opportunities Fund during the 4th quarter worth approximately $128,000. Finally, Truist Financial Corp acquired a new position in Nuveen Municipal Credit Opportunities Fund during the 2nd quarter worth approximately $115,000.

Nuveen Municipal Credit Opportunities Fund Trading Up 0.2 %

NMCO stock opened at $10.93 on Wednesday. Nuveen Municipal Credit Opportunities Fund has a 12 month low of $10.37 and a 12 month high of $12.20. The company has a fifty day moving average price of $10.85 and a 200 day moving average price of $11.21.

Nuveen Municipal Credit Opportunities Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be paid a dividend of $0.0685 per share. The ex-dividend date is Wednesday, January 15th. This represents a $0.82 annualized dividend and a dividend yield of 7.52%.

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.