Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) Short Interest Up 32.5% in December

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Nuveen Municipal Credit Opportunities Fund (NYSE:NMCO) was the target of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 26,100 shares, a growth of 32.5% from the November 30th total of 19,700 shares. Based on an average trading volume of 87,700 shares, the days-to-cover ratio is presently 0.3 days.

Several institutional investors and hedge funds have recently bought and sold shares of NMCO. Kingsview Wealth Management LLC lifted its stake in shares of Nuveen Municipal Credit Opportunities Fund by 4.6% in the 3rd quarter. Kingsview Wealth Management LLC now owns 27,200 shares of the company’s stock valued at $411,000 after acquiring an additional 1,200 shares during the last quarter. UBS Group AG lifted its stake in shares of Nuveen Municipal Credit Opportunities Fund by 6.2% in the 3rd quarter. UBS Group AG now owns 1,173,936 shares of the company’s stock valued at $17,738,000 after acquiring an additional 68,083 shares during the last quarter. Guggenheim Capital LLC lifted its stake in shares of Nuveen Municipal Credit Opportunities Fund by 62.1% in the 3rd quarter. Guggenheim Capital LLC now owns 320,776 shares of the company’s stock valued at $4,847,000 after acquiring an additional 122,834 shares during the last quarter. Penserra Capital Management LLC bought a new stake in shares of Nuveen Municipal Credit Opportunities Fund in the 3rd quarter valued at about $5,565,000. Finally, Cohen & Steers Inc. raised its position in Nuveen Municipal Credit Opportunities Fund by 24.6% during the 3rd quarter. Cohen & Steers Inc. now owns 384,994 shares of the company’s stock valued at $5,817,000 after purchasing an additional 76,028 shares during the last quarter.

Shares of NMCO opened at $15.50 on Friday. Nuveen Municipal Credit Opportunities Fund has a 1 year low of $13.27 and a 1 year high of $17.31. The stock’s fifty day moving average price is $15.57 and its two-hundred day moving average price is $15.56.

The firm also recently announced a monthly dividend, which will be paid on Tuesday, February 1st. Investors of record on Friday, January 14th will be given a dividend of $0.062 per share. This represents a $0.74 annualized dividend and a yield of 4.80%. The ex-dividend date is Thursday, January 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.

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