Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.40 and traded as low as $10.18. Nuveen Municipal High Income Opportunity Fund shares last traded at $10.2450, with a volume of 902,036 shares changing hands.

Nuveen Municipal High Income Opportunity Fund Stock Up 0.1%

The stock has a 50 day moving average of $10.24 and a two-hundred day moving average of $10.40.

Nuveen Municipal High Income Opportunity Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be paid a $0.0655 dividend. The ex-dividend date is Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%.

Institutional Investors Weigh In On Nuveen Municipal High Income Opportunity Fund

Several hedge funds have recently modified their holdings of NMZ. Hennion & Walsh Asset Management Inc. boosted its position in shares of Nuveen Municipal High Income Opportunity Fund by 57.5% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,140,557 shares of the company’s stock valued at $11,622,000 after acquiring an additional 416,337 shares during the period. Jane Street Group LLC grew its position in Nuveen Municipal High Income Opportunity Fund by 1,411.1% in the fourth quarter. Jane Street Group LLC now owns 259,389 shares of the company’s stock valued at $2,643,000 after acquiring an additional 242,223 shares during the period. UBS Group AG grew its position in Nuveen Municipal High Income Opportunity Fund by 10.4% in the third quarter. UBS Group AG now owns 1,958,300 shares of the company’s stock valued at $20,738,000 after acquiring an additional 183,725 shares during the period. Guggenheim Capital LLC grew its position in Nuveen Municipal High Income Opportunity Fund by 10.5% in the fourth quarter. Guggenheim Capital LLC now owns 1,816,855 shares of the company’s stock valued at $18,514,000 after acquiring an additional 172,150 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its position in Nuveen Municipal High Income Opportunity Fund by 246.4% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 239,326 shares of the company’s stock valued at $2,534,000 after acquiring an additional 170,236 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.