Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Shares Cross Below 200-Day Moving Average – What’s Next?

Shares of Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.35 and traded as low as $10.34. Nuveen Municipal High Income Opportunity Fund shares last traded at $10.3650, with a volume of 687,947 shares trading hands.

Nuveen Municipal High Income Opportunity Fund Trading Up 1.0%

The business’s 50-day moving average price is $10.25 and its 200-day moving average price is $10.35.

Nuveen Municipal High Income Opportunity Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be given a dividend of $0.0655 per share. This represents a c) annualized dividend and a yield of 7.5%. The ex-dividend date of this dividend is Monday, June 15th.

Institutional Investors Weigh In On Nuveen Municipal High Income Opportunity Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Nuveen Municipal High Income Opportunity Fund by 57.5% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,140,557 shares of the company’s stock worth $11,622,000 after buying an additional 416,337 shares during the last quarter. Jane Street Group LLC increased its position in Nuveen Municipal High Income Opportunity Fund by 1,411.1% in the 4th quarter. Jane Street Group LLC now owns 259,389 shares of the company’s stock valued at $2,643,000 after acquiring an additional 242,223 shares during the period. UBS Group AG raised its stake in Nuveen Municipal High Income Opportunity Fund by 10.4% during the 3rd quarter. UBS Group AG now owns 1,958,300 shares of the company’s stock valued at $20,738,000 after acquiring an additional 183,725 shares during the last quarter. Guggenheim Capital LLC raised its stake in Nuveen Municipal High Income Opportunity Fund by 10.5% during the 4th quarter. Guggenheim Capital LLC now owns 1,816,855 shares of the company’s stock valued at $18,514,000 after acquiring an additional 172,150 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Nuveen Municipal High Income Opportunity Fund by 246.4% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 239,326 shares of the company’s stock worth $2,534,000 after acquiring an additional 170,236 shares during the period.

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.