Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) Short Interest Down 88.1% in December

Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) was the target of a significant decline in short interest during the month of December. As of December 15th, there was short interest totalling 1,300 shares, a decline of 88.1% from the November 30th total of 10,900 shares. Based on an average daily trading volume, of 238,600 shares, the short-interest ratio is presently 0.0 days.

Institutional Trading of Nuveen Municipal Credit Opportunities Fund

Institutional investors have recently made changes to their positions in the stock. Melone Private Wealth LLC grew its holdings in shares of 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 worth $6,091,000 after acquiring an additional 7,701 shares during the period. Capital Investment Advisors LLC increased its position 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 valued at $1,877,000 after purchasing an additional 2,557 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Nuveen Municipal Credit Opportunities Fund by 11.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 152,526 shares of the company’s stock worth $1,682,000 after purchasing an additional 15,607 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of Nuveen Municipal Credit Opportunities Fund in the second quarter worth approximately $1,548,000. Finally, Raymond James & Associates grew its position in Nuveen Municipal Credit Opportunities Fund by 2.7% during the second quarter. Raymond James & Associates now owns 116,924 shares of the company’s stock valued at $1,290,000 after buying an additional 3,081 shares during the period.

Nuveen Municipal Credit Opportunities Fund Stock Performance

NMCO stock traded up $0.04 during midday trading on Thursday, hitting $10.52. The company’s stock had a trading volume of 401,843 shares, compared to its average volume of 218,939. The firm’s 50-day moving average is $11.07 and its 200-day moving average is $11.25. Nuveen Municipal Credit Opportunities Fund has a 12 month low of $10.37 and a 12 month high of $12.20.

Nuveen Municipal Credit Opportunities Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.0685 dividend. This represents a $0.82 annualized dividend and a yield of 7.81%. This is an increase from Nuveen Municipal Credit Opportunities Fund’s previous monthly dividend of $0.06. The ex-dividend date of this dividend is Friday, December 13th.

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.