Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) Short Interest Down 50.2% in May

Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO – Get Rating) saw a significant decrease in short interest in May. As of May 15th, there was short interest totalling 25,200 shares, a decrease of 50.2% from the April 30th total of 50,600 shares. Based on an average trading volume of 163,200 shares, the short-interest ratio is presently 0.2 days.

A number of institutional investors have recently added to or reduced their stakes in NMCO. Steward Partners Investment Advisory LLC bought a new position in Nuveen Municipal Credit Opportunities Fund in the first quarter valued at $26,000. Ellis Investment Partners LLC bought a new position in Nuveen Municipal Credit Opportunities Fund in the fourth quarter valued at $52,000. Amplius Wealth Advisors LLC bought a new position in Nuveen Municipal Credit Opportunities Fund in the fourth quarter valued at $57,000. Running Point Capital Advisors LLC bought a new position in Nuveen Municipal Credit Opportunities Fund in the first quarter valued at $135,000. Finally, King Luther Capital Management Corp bought a new position in Nuveen Municipal Credit Opportunities Fund in the first quarter valued at $181,000.

Nuveen Municipal Credit Opportunities Fund stock opened at $13.15 on Friday. Nuveen Municipal Credit Opportunities Fund has a 1-year low of $11.82 and a 1-year high of $17.31. The company has a fifty day simple moving average of $12.76 and a 200 day simple moving average of $14.20.

The firm also recently announced a monthly dividend, which will be paid on Wednesday, June 1st. Investors of record on Friday, May 13th will be given a $0.062 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 5.66%. The ex-dividend date is Thursday, May 12th.

Nuveen Municipal Credit Opportunities Fund Company Profile (Get Rating)

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.

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