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

Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) was the recipient of a significant increase in short interest in 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 days-to-cover ratio is currently 0.3 days.

Nuveen Municipal Credit Opportunities Fund Stock Down 0.1 %

Shares of NYSE:NMCO traded down $0.01 during mid-day trading on Monday, hitting $10.66. 80,082 shares of the company traded hands, compared to its average volume of 125,142. Nuveen Municipal Credit Opportunities Fund has a 12-month low of $10.37 and a 12-month high of $12.20. The stock has a 50-day moving average price of $10.93 and a two-hundred day moving average price of $11.22.

Nuveen Municipal Credit Opportunities Fund Dividend Announcement

The firm 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 $0.0685 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $0.82 annualized dividend and a yield of 7.71%.

Institutional Trading of Nuveen Municipal Credit Opportunities Fund

Several hedge funds have recently made changes to their positions in NMCO. Truist Financial Corp bought a new stake in shares of Nuveen Municipal Credit Opportunities Fund in the second quarter valued at $115,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Nuveen Municipal Credit Opportunities Fund during the 3rd quarter valued at $119,000. HighTower Advisors LLC raised its stake in shares of Nuveen Municipal Credit Opportunities Fund by 8.9% during 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 period. Catalina Capital Group LLC raised its stake in shares of Nuveen Municipal Credit Opportunities Fund by 53.9% during the 3rd quarter. Catalina Capital Group LLC now owns 29,585 shares of the company’s stock valued at $345,000 after purchasing an additional 10,365 shares during the period. Finally, World Investment Advisors LLC bought a new stake in shares of Nuveen Municipal Credit Opportunities Fund during the 3rd quarter valued at $552,000.

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.