Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.08 and traded as low as $10.29. Nuveen Municipal High Income Opportunity Fund shares last traded at $10.35, with a volume of 475,416 shares.

Nuveen Municipal High Income Opportunity Fund Stock Performance

The stock’s 50 day moving average price is $10.85 and its 200 day moving average price is $11.07.

Nuveen Municipal High Income Opportunity Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be paid a $0.0655 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $0.79 dividend on an annualized basis and a yield of 7.60%.

Institutional Investors Weigh In On Nuveen Municipal High Income Opportunity Fund

A number of institutional investors and hedge funds have recently made changes to their positions in NMZ. Traynor Capital Management Inc. grew its stake in shares of Nuveen Municipal High Income Opportunity Fund by 0.7% in the fourth quarter. Traynor Capital Management Inc. now owns 139,844 shares of the company’s stock valued at $1,512,000 after buying an additional 1,032 shares in the last quarter. Integrated Capital Management Inc. raised its holdings in shares of Nuveen Municipal High Income Opportunity Fund by 3.3% in the 1st quarter. Integrated Capital Management Inc. now owns 37,565 shares of the company’s stock valued at $410,000 after purchasing an additional 1,190 shares during the period. First Foundation Advisors lifted its stake in Nuveen Municipal High Income Opportunity Fund by 14.3% in the 4th quarter. First Foundation Advisors now owns 11,425 shares of the company’s stock valued at $124,000 after purchasing an additional 1,425 shares during the last quarter. Farther Finance Advisors LLC increased its position in 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 buying an additional 1,733 shares during the last quarter. Finally, Truist Financial Corp raised its stake in Nuveen Municipal High Income Opportunity Fund by 3.6% in the fourth quarter. Truist Financial Corp now owns 56,416 shares of the company’s stock valued at $610,000 after buying an additional 1,971 shares during the period.

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.