Nuveen Floating Rate Income Opportunity Fund (JRO)
Nuveen Floating Rate Income Opportunity Fund operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Chicago, IL, US. The stock last traded at $7.88, up 1.03% on the session, giving a market capitalisation of $319.5M. On trailing twelve-month figures it carries a trailing P/E of -30.31, a net margin of 105.3%. Its beta of 0.61 implies it has historically moved less than the broad market.
The Nuveen Floating Rate Income Opportunity Fund operates as a closed-end mutual fund, initially established by Nuveen Investments, Inc., and jointly managed by Nuveen Fund Advisors LLC and Symphony Asset Management LLC. This fund primarily allocates its capital to senior, adjustable-rate loans within the fixed income markets of the United States. Its performance is benchmarked against both the Barclays U.S. Aggregate Bond Index and the CSFB Leveraged Loan Index. Formed on April 27, 2004, the fund is legally domiciled in the United States.
Nuveen Floating Rate Income Opportunity Fund is most often compared with the following Financial Services names: