Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Shares Cross Below 200-Day Moving Average – Should You Sell?

Shares of Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.50 and traded as low as $10.31. Nuveen Municipal High Income Opportunity Fund shares last traded at $10.3450, with a volume of 444,125 shares trading hands.

Nuveen Municipal High Income Opportunity Fund Stock Performance

The business’s 50 day moving average is $10.50 and its two-hundred day moving average is $10.50.

Nuveen Municipal High Income Opportunity Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be issued a dividend of $0.0655 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 7.6%.

Hedge Funds Weigh In On Nuveen Municipal High Income Opportunity Fund

Hedge funds have recently made changes to their positions in the business. UBS Group AG grew its position in shares of Nuveen Municipal High Income Opportunity Fund by 3.7% during the fourth quarter. UBS Group AG now owns 2,031,169 shares of the company’s stock worth $20,698,000 after purchasing an additional 72,869 shares in the last quarter. Guggenheim Capital LLC lifted its holdings in Nuveen Municipal High Income Opportunity Fund by 10.5% in the 4th quarter. Guggenheim Capital LLC now owns 1,816,855 shares of the company’s stock worth $18,514,000 after purchasing an additional 172,150 shares in the last quarter. Gridiron Partners LLC lifted its holdings in Nuveen Municipal High Income Opportunity Fund by 282.0% in the 3rd quarter. Gridiron Partners LLC now owns 1,649,372 shares of the company’s stock worth $17,467,000 after purchasing an additional 1,217,594 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in Nuveen Municipal High Income Opportunity Fund by 57.5% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,140,557 shares of the company’s stock worth $11,622,000 after purchasing an additional 416,337 shares during the period. Finally, Raymond James Financial Inc. boosted its stake in Nuveen Municipal High Income Opportunity Fund by 9.8% in the 3rd quarter. Raymond James Financial Inc. now owns 1,125,161 shares of the company’s stock worth $11,915,000 after purchasing an additional 100,526 shares during the period.

About Nuveen Municipal High Income Opportunity Fund

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.