Nuveen Floating Rate Income Opportunity Fund (NYSE:JRO) Sees Large Decrease in Short Interest

Nuveen Floating Rate Income Opportunity Fund (NYSE:JROGet Rating) saw a significant drop in short interest in April. As of April 15th, there was short interest totalling 345,600 shares, a drop of 30.3% from the March 31st total of 496,100 shares. Based on an average daily volume of 259,300 shares, the days-to-cover ratio is presently 1.3 days.

In related news, Portfolio Manager Scott C. Caraher bought 5,000 shares of the business’s stock in a transaction on Friday, February 25th. The shares were bought at an average price of $9.70 per share, for a total transaction of $48,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional investors and hedge funds have recently modified their holdings of the company. Segantii Capital Management Ltd purchased a new stake in shares of Nuveen Floating Rate Income Opportunity Fund during the 4th quarter valued at $29,000. Spire Wealth Management acquired a new position in shares of Nuveen Floating Rate Income Opportunity Fund during the 4th quarter worth approximately $61,000. Two Sigma Securities LLC acquired a new position in Nuveen Floating Rate Income Opportunity Fund in the third quarter valued at approximately $105,000. CTC Capital Management LLC purchased a new position in Nuveen Floating Rate Income Opportunity Fund during the 4th quarter valued at about $109,000. Finally, Ameritas Advisory Services LLC purchased a new position in shares of Nuveen Floating Rate Income Opportunity Fund in the 4th quarter valued at about $147,000.

NYSE JRO opened at $9.33 on Friday. The firm’s fifty day simple moving average is $9.83 and its two-hundred day simple moving average is $10.01. Nuveen Floating Rate Income Opportunity Fund has a 12-month low of $9.25 and a 12-month high of $10.49.

The firm also recently disclosed a monthly dividend, which will be paid on Monday, May 2nd. Stockholders of record on Thursday, April 14th will be issued a dividend of $0.058 per share. The ex-dividend date of this dividend is Wednesday, April 13th. This represents a $0.70 annualized dividend and a dividend yield of 7.46%.

About Nuveen Floating Rate Income Opportunity Fund (Get Rating)

Nuveen Floating Rate Income Opportunity Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Symphony Asset Management LLC. It invests in fixed income markets of the United States. The fund invests in adjustable rate loans, primarily in senior loans.

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