Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) Short Interest Update

Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) saw a significant growth in short interest in December. As of December 31st, there was short interest totalling 79,400 shares, a growth of 204.2% from the December 15th total of 26,100 shares. Based on an average trading volume of 88,800 shares, the short-interest ratio is currently 0.9 days.

Several institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. acquired a new position in Nuveen Municipal Credit Opportunities Fund in the second quarter worth about $55,000. Virtu Financial LLC acquired a new position in Nuveen Municipal Credit Opportunities Fund in the second quarter worth about $205,000. Advisor Group Holdings Inc. grew its stake in Nuveen Municipal Credit Opportunities Fund by 95.1% in the second quarter. Advisor Group Holdings Inc. now owns 15,414 shares of the company’s stock worth $238,000 after purchasing an additional 7,514 shares in the last quarter. Truist Financial Corp grew its stake in Nuveen Municipal Credit Opportunities Fund by 22.0% in the third quarter. Truist Financial Corp now owns 18,073 shares of the company’s stock worth $273,000 after purchasing an additional 3,265 shares in the last quarter. Finally, Marcum Wealth LLC acquired a new position in Nuveen Municipal Credit Opportunities Fund in the third quarter worth about $302,000.

Shares of Nuveen Municipal Credit Opportunities Fund stock traded down $0.29 during trading hours on Friday, hitting $14.95. 1,242 shares of the company’s stock traded hands, compared to its average volume of 102,353. The stock has a 50 day simple moving average of $15.58 and a 200-day simple moving average of $15.57. Nuveen Municipal Credit Opportunities Fund has a twelve month low of $13.42 and a twelve month high of $17.31.

The firm also recently announced a monthly dividend, which will be paid on Tuesday, February 1st. Stockholders of record on Friday, January 14th will be paid a dividend of $0.062 per share. The ex-dividend date of this dividend is Thursday, January 13th. This represents a $0.74 annualized dividend and a dividend yield of 4.98%.

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.

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