Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.37 and traded as low as $10.32. Nuveen Municipal High Income Opportunity Fund shares last traded at $10.3750, with a volume of 564,323 shares changing hands.

Nuveen Municipal High Income Opportunity Fund Trading Down 0.0%

The stock’s fifty day moving average is $10.40 and its two-hundred day moving average is $10.37.

Nuveen Municipal High Income Opportunity Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Thursday, January 15th will be issued a $0.0655 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date of this dividend is Thursday, January 15th.

Hedge Funds Weigh In On Nuveen Municipal High Income Opportunity Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. MGO One Seven LLC raised its stake in Nuveen Municipal High Income Opportunity Fund by 2.8% in the third quarter. MGO One Seven LLC now owns 39,674 shares of the company’s stock valued at $420,000 after buying an additional 1,091 shares during the period. Wakefield Asset Management LLLP raised its stake in Nuveen Municipal High Income Opportunity Fund by 1.2% in the 3rd quarter. Wakefield Asset Management LLLP now owns 88,868 shares of the company’s stock valued at $942,000 after acquiring an additional 1,096 shares during the period. KG&L Capital Management LLC lifted its holdings in Nuveen Municipal High Income Opportunity Fund by 8.0% during the 3rd quarter. KG&L Capital Management LLC now owns 18,800 shares of the company’s stock valued at $199,000 after purchasing an additional 1,400 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its position in Nuveen Municipal High Income Opportunity Fund by 13.2% during the third quarter. Dynamic Advisor Solutions LLC now owns 14,727 shares of the company’s stock worth $156,000 after purchasing an additional 1,713 shares during the period. Finally, NewEdge Advisors LLC boosted its position in Nuveen Municipal High Income Opportunity Fund by 2.7% during the first quarter. NewEdge Advisors LLC now owns 79,257 shares of the company’s stock worth $865,000 after purchasing an additional 2,112 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.