Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.40 and traded as low as $10.18. Nuveen Municipal High Income Opportunity Fund shares last traded at $10.2450, with a volume of 902,036 shares changing hands.

Nuveen Municipal High Income Opportunity Fund Stock Up 0.5%

The business’s 50 day moving average price is $10.24 and its two-hundred day moving average price is $10.40.

Nuveen Municipal High Income Opportunity Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be paid a $0.0655 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date is Friday, May 15th.

Institutional Investors Weigh In On Nuveen Municipal High Income Opportunity Fund

Hedge funds have recently made changes to their positions in the stock. UBS Group AG raised its holdings in Nuveen Municipal High Income Opportunity Fund by 3.7% in the 4th quarter. UBS Group AG now owns 2,031,169 shares of the company’s stock valued at $20,698,000 after buying an additional 72,869 shares during the last quarter. Guggenheim Capital LLC raised its holdings in Nuveen Municipal High Income Opportunity Fund by 10.5% in the 4th quarter. Guggenheim Capital LLC now owns 1,816,855 shares of the company’s stock valued at $18,514,000 after buying an additional 172,150 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in Nuveen Municipal High Income Opportunity Fund by 57.5% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,140,557 shares of the company’s stock valued at $11,622,000 after buying an additional 416,337 shares during the last quarter. Raymond James Financial Inc. raised its holdings in Nuveen Municipal High Income Opportunity Fund by 9.8% in the 3rd quarter. Raymond James Financial Inc. now owns 1,125,161 shares of the company’s stock valued at $11,915,000 after buying an additional 100,526 shares during the last quarter. Finally, LPL Financial LLC raised its holdings in Nuveen Municipal High Income Opportunity Fund by 21.2% in the 4th quarter. LPL Financial LLC now owns 731,023 shares of the company’s stock valued at $7,449,000 after buying an additional 128,087 shares during the last quarter.

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.