Trading volume for Nuveen Floating Rate Income Opportuntiy was 448K on Tuesday. Volume was up 123.13% over the stocks average daily volume.
Traders are feeling more bullish on shares of Nuveen Floating Rate Income Opportuntiy of late if you put credence in the motion in short interest. The company recorded a fall in short interest between September 29, 2017 and October 13, 2017 of -4.98%. Short interest decreased 13,774 over that timeframe. The days to cover decreased to 3.0 and the short interest percentage is 0.01% as of October 13.
Here are a few substantial investment firms who have updated their positions. Aviance Capital Partners, LLC divested its investment by selling 5,509 shares a decrease of 7.2% in the quarter. Aviance Capital Partners, LLC now controls 71,286 shares valued at $843,000. The total value of its holdings decreased 5.9%. As of the end of the quarter Wells Fargo & Company/mn had sold a total of 1,286 shares trimming its position 25.7%. The value of the investment in Nuveen Floating Rate Income Opportuntiy went from $58,000 to $44,000 decreasing 24.1% for the reporting period.
Citigroup Inc bolstered its ownership by buying 1,581 shares an increase of 234.2%. Citigroup Inc currently owns 2,256 shares with a value of $27,000. The value of the position overall is up by 237.5%. Raymond James & Associates reduced its holdings by selling 3,056 shares a decrease of 4.2% as of 09/30/2017. Raymond James & Associates controls 68,888 shares worth $815,000. The value of the position overall is down by 3.0%.
The company is trading up by 0.28% percent from yesterday’s close. The company currently has a P/E ratio of N/A and the market cap is 409.85M.
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. It benchmarks the performance of its portfolio against the Barclays U.S. Aggregate Bond Index and CSFB Leveraged Loan Index. Nuveen Floating Rate Income Opportunity Fund was formed on April 27, 2004 and is domiciled in the United States..