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

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.26 and traded as low as $11.14. Nuveen Municipal High Income Opportunity Fund shares last traded at $11.19, with a volume of 349,941 shares traded.

Nuveen Municipal High Income Opportunity Fund Stock Performance

The firm has a 50 day simple moving average of $11.04 and a 200-day simple moving average of $11.26.

Nuveen Municipal High Income Opportunity Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be given a dividend of $0.0655 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.79 annualized dividend and a yield of 6.98%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of NMZ. Providence First Trust Co bought a new position in Nuveen Municipal High Income Opportunity Fund in the fourth quarter valued at about $32,000. Farther Finance Advisors LLC grew its position 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 buying an additional 1,733 shares during the period. Fifth Third Bancorp bought a new stake in shares of Nuveen Municipal High Income Opportunity Fund during the fourth quarter worth approximately $70,000. International Assets Investment Management LLC lifted its holdings in Nuveen Municipal High Income Opportunity Fund by 1,066.0% in the third quarter. International Assets Investment Management LLC now owns 7,917 shares of the company’s stock valued at $92,000 after buying an additional 7,238 shares during the period. Finally, Intellus Advisors LLC bought a new position in Nuveen Municipal High Income Opportunity Fund in the fourth quarter valued at approximately $108,000.

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.