Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Stock Price Passes Below 200-Day Moving Average – What’s Next?

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.23 and traded as low as $9.43. Nuveen Municipal High Income Opportunity Fund shares last traded at $9.5250, with a volume of 732,369 shares changing hands.

Nuveen Municipal High Income Opportunity Fund Price Performance

The stock has a fifty day simple moving average of $10.05 and a two-hundred day simple moving average of $10.22.

Nuveen Municipal High Income Opportunity Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be issued a $0.0655 dividend. This represents a c) annualized dividend and a dividend yield of 8.4%. The ex-dividend date of this dividend is Tuesday, September 15th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of NMZ. Geneos Wealth Management Inc. acquired a new stake in Nuveen Municipal High Income Opportunity Fund in the first quarter valued at $36,000. Allied Private Wealth LLC acquired a new position in shares of Nuveen Municipal High Income Opportunity Fund during the 2nd quarter worth $40,000. Allworth Financial LP purchased a new position in shares of Nuveen Municipal High Income Opportunity Fund in the 4th quarter valued at about $61,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of Nuveen Municipal High Income Opportunity Fund in the 2nd quarter valued at about $69,000. Finally, Global Retirement Partners LLC lifted its stake in shares of Nuveen Municipal High Income Opportunity Fund by 1,960.5% in the fourth quarter. Global Retirement Partners LLC now owns 6,779 shares of the company’s stock valued at $69,000 after purchasing an additional 6,450 shares during the period.

Nuveen Municipal High Income Opportunity Fund Company Profile

Nuveen Municipal High Income Opportunity Fund (NYSE: NMZ) is a closed-end management investment company that seeks to provide high current income exempt from federal income tax. The fund accomplishes this objective primarily through investments in a diversified portfolio of municipal obligations issued by state and local governments and their agencies across the United States. These securities may include general obligation bonds, revenue bonds, auction-rate securities and other types of tax-exempt debt.

To enhance yield, the fund employs leverage by borrowing against its assets, a strategy common among closed-end municipal funds.