Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Shares Cross Below 50 Day Moving Average – Time to Sell?

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $10.46 and traded as low as $10.20. Nuveen Municipal High Income Opportunity Fund shares last traded at $10.2150, with a volume of 472,268 shares trading hands.

Nuveen Municipal High Income Opportunity Fund Price Performance

The stock’s 50 day moving average is $10.46 and its two-hundred day moving average is $10.48.

Nuveen Municipal High Income Opportunity Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 1st. Shareholders of record on Wednesday, April 15th will be paid a dividend of $0.0655 per share. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date of this dividend is Wednesday, April 15th.

Institutional Trading of Nuveen Municipal High Income Opportunity Fund

Several large investors have recently added to or reduced their stakes in the company. MGO One Seven LLC grew its stake in Nuveen Municipal High Income Opportunity Fund by 2.8% during the third quarter. MGO One Seven LLC now owns 39,674 shares of the company’s stock worth $420,000 after buying an additional 1,091 shares during the last quarter. Wakefield Asset Management LLLP grew its stake in Nuveen Municipal High Income Opportunity Fund by 1.2% during the third quarter. Wakefield Asset Management LLLP now owns 88,868 shares of the company’s stock worth $942,000 after buying an additional 1,096 shares during the last quarter. Mutual Advisors LLC grew its stake in Nuveen Municipal High Income Opportunity Fund by 5.8% during the fourth quarter. Mutual Advisors LLC now owns 20,687 shares of the company’s stock worth $211,000 after buying an additional 1,127 shares during the last quarter. KG&L Capital Management LLC grew its stake in Nuveen Municipal High Income Opportunity Fund by 8.0% during the third quarter. KG&L Capital Management LLC now owns 18,800 shares of the company’s stock worth $199,000 after buying an additional 1,400 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC grew its stake 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 buying an additional 1,713 shares during the last quarter.

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.