Nuveen Floating Rate Income Opportunity Fund (NYSE:JRO) Short Interest Up 102.9% in March

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Nuveen Floating Rate Income Opportunity Fund logoNuveen Floating Rate Income Opportunity Fund (NYSE:JRO – Get Rating) was the recipient of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 496,100 shares, an increase of 102.9% from the March 15th total of 244,500 shares. Based on an average trading volume of 274,100 shares, the short-interest ratio is currently 1.8 days.

Shares of NYSE JRO traded down $0.05 during trading on Friday, reaching $10.02. The company had a trading volume of 125,101 shares, compared to its average volume of 265,456. Nuveen Floating Rate Income Opportunity Fund has a 12-month low of $9.35 and a 12-month high of $10.49. The business’s 50-day moving average is $9.95 and its 200 day moving average is $10.02.

The firm also recently disclosed a monthly dividend, which will be paid on Monday, May 2nd. Investors of record on Thursday, April 14th will be given a dividend of $0.058 per share. The ex-dividend date is Wednesday, April 13th. This represents a $0.70 annualized dividend and a dividend yield of 6.95%.

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

Several institutional investors have recently added to or reduced their stakes in JRO. Wells Fargo & Company MN boosted its position in shares of Nuveen Floating Rate Income Opportunity Fund by 0.9% during the second quarter. Wells Fargo & Company MN now owns 146,158 shares of the financial services provider’s stock valued at $1,427,000 after buying an additional 1,347 shares during the last quarter. Parametric Portfolio Associates LLC purchased a new stake in shares of Nuveen Floating Rate Income Opportunity Fund during the second quarter valued at $1,518,000. Kestra Advisory Services LLC boosted its position in shares of Nuveen Floating Rate Income Opportunity Fund by 322.2% during the third quarter. Kestra Advisory Services LLC now owns 51,555 shares of the financial services provider’s stock valued at $515,000 after buying an additional 39,345 shares during the last quarter. Sigma Planning Corp boosted its position in shares of Nuveen Floating Rate Income Opportunity Fund by 56.9% during the third quarter. Sigma Planning Corp now owns 22,596 shares of the financial services provider’s stock valued at $226,000 after buying an additional 8,191 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in shares of Nuveen Floating Rate Income Opportunity Fund by 38.1% during the third quarter. Commonwealth Equity Services LLC now owns 41,848 shares of the financial services provider’s stock valued at $417,000 after buying an additional 11,555 shares during the last quarter.

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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