Nuveen Floating Rate Income Opportunity Fund

Nuveen Floating Rate Income Opportunity Fundverified

JRO

Price:

$7.88

Market Cap:

$319.46M

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.[Read more]

Industry

Asset Management - Income

IPO Date

2009-01-01

Stock Exchange

NYSE

Ticker

JRO

The Current Ratio as of September 2024 (TTM) for Nuveen Floating Rate Income Opportunity Fund (JRO) is 0.99

According to Nuveen Floating Rate Income Opportunity Fund’s latest financial reports and current stock price. The company's current Current Ratio is 0.99. This represents a change of 17.39% compared to the average of 0.84 of the last 4 quarters.

Nuveen Floating Rate Income Opportunity Fund (JRO) Historical Current Ratio (quarterly & annually)

How has JRO Current Ratio performed in the past?

The mean historical Current Ratio of Nuveen Floating Rate Income Opportunity Fund over the last ten years is 0.58. The current 0.99 Current Ratio has changed 16.85% with respect to the historical average. Over the past ten years (40 quarters), JRO's Current Ratio was at its highest in in the January 2018 quarter at 1.08. The Current Ratio was at its lowest in in the July 2019 quarter at 0.34.

Quarterly (TTM)
Annual

Average

0.58

Median

0.62

Minimum

0

Maximum

0.99

Nuveen Floating Rate Income Opportunity Fund (JRO) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Nuveen Floating Rate Income Opportunity Fund Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = Infinity%

Maximum Annual Current Ratio = 0.99

Minimum Annual Increase = -44.85%

Minimum Annual Current Ratio = 0

Quarterly (TTM)
Annual
YearCurrent RatioChange
20220.9925.87%
20210.7953.58%
20200.5150.82%
20190.34-44.85%
20180.62-27.14%
20170.85Infinity%

Nuveen Floating Rate Income Opportunity Fund (JRO) Average Current Ratio

How has JRO Current Ratio performed in the past?

The current Current Ratio of Nuveen Floating Rate Income Opportunity Fund (JRO) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

0.76

5-year avg

0.65

10-year avg

0.58

Nuveen Floating Rate Income Opportunity Fund (JRO) Current Ratio vs. Peers

How is JRO’s Current Ratio compared to its peers?

Nuveen Floating Rate Income Opportunity Fund’s Current Ratio is greater than Nuveen Floating Rate Income Fund (0.64), greater than BlackRock Municipal Income Fund, Inc. (0.03), greater than Eaton Vance Senior Income Trust (0), less than Apollo Senior Floating Rate Fund Inc. (6.08), less than Nuveen Senior Income Fund (1.46), greater than BlackRock Floating Rate Income Strategies Fund, Inc. (0), greater than Nuveen Credit Strategies Income Fund (0.07), less than BlackRock Floating Rate Income Trust (0.99), greater than Blackstone / GSO Long-Short Credit Income Fund (0), greater than First Trust Senior Floating Rate Income Fund II (0.40), greater than Nuveen Mortgage and Income Fund (0), less than Pioneer Floating Rate Fund, Inc. (1.14), greater than Eaton Vance Senior Floating-Rate Trust (0.10), greater than BlackRock Debt Strategies Fund, Inc. (0.07),

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Frequently asked questions❓

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