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

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 $11.13 and traded as low as $9.68. Nuveen Municipal High Income Opportunity Fund shares last traded at $9.77, with a volume of 704,246 shares.

Nuveen Municipal High Income Opportunity Fund Stock Performance

The firm’s 50 day simple moving average is $10.97 and its 200-day simple moving average is $11.13.

Nuveen Municipal High Income Opportunity Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be given a dividend of $0.0655 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $0.79 dividend on an annualized basis and a yield of 8.05%.

Hedge Funds Weigh In On Nuveen Municipal High Income Opportunity Fund

A number of large investors have recently made changes to their positions in NMZ. Providence First Trust Co purchased a new stake in Nuveen Municipal High Income Opportunity Fund in the 4th quarter worth approximately $32,000. Farther Finance Advisors LLC boosted its stake in shares of Nuveen Municipal High Income Opportunity Fund by 107.4% during the 4th 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 in the last quarter. Fifth Third Bancorp bought a new stake in shares of Nuveen Municipal High Income Opportunity Fund during the 4th quarter worth $70,000. Intellus Advisors LLC acquired a new position in shares of Nuveen Municipal High Income Opportunity Fund during the 4th quarter worth about $108,000. Finally, Diversify Wealth Management LLC bought a new position in Nuveen Municipal High Income Opportunity Fund during the fourth quarter worth $109,000.

Nuveen Municipal High Income Opportunity Fund Company Profile

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.