Nuveen Municipal Credit Opportunities Fund

Nuveen Municipal Credit Opportunities Fundverified

NMCO

Price:

$11.95

Market Cap:

$654.88M

Nuveen Municipal Credit Opportunities Fund is a closed end investment fund. Its investment objective is to provide a level of current income exempt from regular U.S. federal income tax. The fund was founded on April 18, 2019 and is headquartered in Chicago, IL.[Read more]

Industry

Asset Management

IPO Date

2019-09-17

Stock Exchange

NYSE

Ticker

NMCO

The Current Ratio as of September 2024 (TTM) for Nuveen Municipal Credit Opportunities Fund (NMCO) is 3.29

According to Nuveen Municipal Credit Opportunities Fund’s latest financial reports and current stock price. The company's current Current Ratio is 3.29. This represents a change of 53.29% compared to the average of 2.14 of the last 4 quarters.

Nuveen Municipal Credit Opportunities Fund (NMCO) Historical Current Ratio (quarterly & annually)

How has NMCO Current Ratio performed in the past?

The mean historical Current Ratio of Nuveen Municipal Credit Opportunities Fund over the last ten years is 3.58. The current 3.29 Current Ratio has changed 9.09% with respect to the historical average. Over the past ten years (40 quarters), NMCO's Current Ratio was at its highest in in the October 2021 quarter at 7.87. The Current Ratio was at its lowest in in the July 2023 quarter at 0.99.

Quarterly (TTM)
Annual

Average

3.58

Median

1.49

Minimum

1.01

Maximum

7.87

Nuveen Municipal Credit Opportunities Fund (NMCO) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Nuveen Municipal Credit Opportunities 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 = 311.89%

Maximum Annual Current Ratio = 7.87

Minimum Annual Increase = -82.75%

Minimum Annual Current Ratio = 1.01

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.01-25.52%
20221.36-82.75%
20217.8728.18%
20206.14311.89%

Nuveen Municipal Credit Opportunities Fund (NMCO) Average Current Ratio

How has NMCO Current Ratio performed in the past?

The current Current Ratio of Nuveen Municipal Credit Opportunities Fund (NMCO) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

3.41

5-year avg

3.58

10-year avg

3.58

Nuveen Municipal Credit Opportunities Fund (NMCO) Current Ratio vs. Peers

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

Nuveen Municipal Credit Opportunities Fund’s Current Ratio is greater than BlackRock MuniVest Fund, Inc. (1.56), greater than BlackRock MuniHoldings Quality Fund II, Inc. (0.10), greater than DWS Municipal Income Trust (2.16), greater than BlackRock MuniHoldings Fund, Inc. (0.31), less than Nuveen California Select Tax-Free Income Portfolio (3.34), greater than RiverNorth Flexible Municipal Income Fund, Inc. (0), greater than First Trust High Yield Opportunities 2027 Term Fund (2.09), greater than BlackRock MuniYield Fund, Inc. (0.30), greater than Rivernorth Managed Duration Municipal Income Fund Inc. (2.34), greater than BlackRock MuniVest Fund II, Inc. (0.27), greater than BlackRock MuniYield Quality Fund II, Inc. (0.17), greater than BlackRock Municipal Income Fund, Inc. (0.03), greater than DTF Tax-Free Income 2028 Term Fund Inc. (1.46), greater than John Hancock Income Securities Trust (0), greater than MFS Investment Grade Municipal Trust (3.11), greater than Virtus Convertible & Income 2024 Target Term Fund (2.04), greater than BlackRock MuniYield Quality Fund, Inc. (1.03),

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Frequently asked questions❓

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