Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?
by Doug Wharley · The Cerbat GemNuveen Municipal High Income Opportunity Fund (NYSE:NMZ – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.42 and traded as low as $9.99. Nuveen Municipal High Income Opportunity Fund shares last traded at $10.0550, with a volume of 843,014 shares.
Nuveen Municipal High Income Opportunity Fund Stock Performance
The business has a 50-day simple moving average of $10.26 and a two-hundred day simple moving average of $10.41.
Nuveen Municipal High Income Opportunity Fund Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Monday, June 1st. Shareholders of record on Friday, May 15th will be given a dividend of $0.0655 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a c) dividend on an annualized basis and a yield of 7.8%.
Hedge Funds Weigh In On Nuveen Municipal High Income Opportunity Fund
A number of large investors have recently bought and sold shares of the company. UBS Group AG boosted its position in Nuveen Municipal High Income Opportunity Fund by 3.7% during the 4th quarter. UBS Group AG now owns 2,031,169 shares of the company’s stock worth $20,698,000 after acquiring an additional 72,869 shares during the last quarter. Guggenheim Capital LLC boosted its position 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 worth $18,514,000 after acquiring an additional 172,150 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in Nuveen Municipal High Income Opportunity Fund by 57.5% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,140,557 shares of the company’s stock worth $11,622,000 after acquiring an additional 416,337 shares during the last quarter. Raymond James Financial Inc. boosted its position in Nuveen Municipal High Income Opportunity Fund by 9.8% during the 3rd quarter. Raymond James Financial Inc. now owns 1,125,161 shares of the company’s stock worth $11,915,000 after acquiring an additional 100,526 shares during the last quarter. Finally, LPL Financial LLC boosted its position in Nuveen Municipal High Income Opportunity Fund by 21.2% during the 4th quarter. LPL Financial LLC now owns 731,023 shares of the company’s stock worth $7,449,000 after acquiring an additional 128,087 shares during the last quarter.
Nuveen Municipal High Income Opportunity Fund Company Profile
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.