Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.95 and traded as low as $10.45. Nuveen Municipal High Income Opportunity Fund shares last traded at $10.51, with a volume of 234,079 shares trading hands.

Nuveen Municipal High Income Opportunity Fund Stock Down 0.4%

The business has a fifty day moving average of $10.59 and a 200-day moving average of $10.95.

Nuveen Municipal High Income Opportunity Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.0655 per share. The ex-dividend date is Thursday, May 15th. This represents a $0.79 dividend on an annualized basis and a yield of 7.48%.

Institutional Trading of Nuveen Municipal High Income Opportunity Fund

A number of hedge funds have recently bought and sold shares of the stock. Traynor Capital Management Inc. lifted its holdings in Nuveen Municipal High Income Opportunity Fund by 0.7% during the fourth quarter. Traynor Capital Management Inc. now owns 139,844 shares of the company’s stock worth $1,512,000 after buying an additional 1,032 shares during the period. Harbour Investments Inc. lifted its holdings in Nuveen Municipal High Income Opportunity Fund by 1.5% during the first quarter. Harbour Investments Inc. now owns 69,816 shares of the company’s stock worth $762,000 after buying an additional 1,040 shares during the period. Integrated Capital Management Inc. lifted its holdings in Nuveen Municipal High Income Opportunity Fund by 3.3% during the first quarter. Integrated Capital Management Inc. now owns 37,565 shares of the company’s stock worth $410,000 after buying an additional 1,190 shares during the period. Wakefield Asset Management LLLP lifted its holdings in Nuveen Municipal High Income Opportunity Fund by 1.7% during the first quarter. Wakefield Asset Management LLLP now owns 85,686 shares of the company’s stock worth $935,000 after buying an additional 1,409 shares during the period. Finally, First Foundation Advisors lifted its holdings in Nuveen Municipal High Income Opportunity Fund by 14.3% during the fourth quarter. First Foundation Advisors now owns 11,425 shares of the company’s stock worth $124,000 after buying an additional 1,425 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.