Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO – Get Free Report) was the recipient of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 70,300 shares, a decline of 33.0% from the February 13th total of 105,000 shares. Based on an average daily trading volume, of 210,600 shares, the short-interest ratio is presently 0.3 days.
Nuveen Municipal Credit Opportunities Fund Price Performance
NYSE NMCO traded down $0.12 on Friday, hitting $10.93. 64,548 shares of the stock traded hands, compared to its average volume of 193,382. The business’s fifty day moving average is $11.00 and its two-hundred day moving average is $11.18. Nuveen Municipal Credit Opportunities Fund has a 12 month low of $10.01 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, April 1st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.0685 per share. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Nuveen Municipal Credit Opportunities Fund’s previous monthly dividend of $0.06. This represents a $0.82 annualized dividend and a yield of 7.52%.
Hedge Funds Weigh In On Nuveen Municipal Credit Opportunities Fund
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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