Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Shares of Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.24 and traded as low as $11.06. Nuveen Municipal High Income Opportunity Fund shares last traded at $11.09, with a volume of 323,991 shares changing hands.

Nuveen Municipal High Income Opportunity Fund Stock Performance

The stock’s 50 day moving average is $11.13 and its two-hundred day moving average is $11.24.

Nuveen Municipal High Income Opportunity Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.0655 per share. The ex-dividend date is Friday, March 14th. This represents a $0.79 annualized dividend and a dividend yield of 7.21%.

Hedge Funds Weigh In On Nuveen Municipal High Income Opportunity Fund

Several institutional investors have recently added to or reduced their stakes in NMZ. Traynor Capital Management Inc. grew its stake in shares of Nuveen Municipal High Income Opportunity Fund by 0.7% in the 4th quarter. Traynor Capital Management Inc. now owns 139,844 shares of the company’s stock valued at $1,512,000 after purchasing an additional 1,032 shares during the last quarter. First Foundation Advisors boosted its holdings in shares of Nuveen Municipal High Income Opportunity Fund by 14.3% in the fourth quarter. First Foundation Advisors now owns 11,425 shares of the company’s stock valued at $124,000 after acquiring an additional 1,425 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Nuveen Municipal High Income Opportunity Fund by 107.4% during the fourth quarter. Farther Finance Advisors LLC now owns 3,347 shares of the company’s stock worth $36,000 after acquiring an additional 1,733 shares during the period. Truist Financial Corp raised its holdings in Nuveen Municipal High Income Opportunity Fund by 3.6% during the fourth quarter. Truist Financial Corp now owns 56,416 shares of the company’s stock worth $610,000 after purchasing an additional 1,971 shares in the last quarter. Finally, LPL Financial LLC boosted its stake in shares of Nuveen Municipal High Income Opportunity Fund by 0.7% in the fourth quarter. LPL Financial LLC now owns 393,775 shares of the company’s stock valued at $4,257,000 after buying an additional 2,550 shares in the last quarter.

About Nuveen Municipal High Income Opportunity Fund

Nuveen Municipal High Income Opportunity Fund is a closed-end fixed income mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade tax-exempt municipal securities.