Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $11.20 and traded as low as $11.04. Nuveen Municipal High Income Opportunity Fund shares last traded at $11.15, with a volume of 172,723 shares changing hands.

Nuveen Municipal High Income Opportunity Fund Stock Performance

The company’s 50-day moving average price is $11.10 and its two-hundred day moving average price is $11.20.

Nuveen Municipal High Income Opportunity Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be issued a dividend of $0.0655 per share. This represents a $0.79 dividend on an annualized basis and a yield of 7.03%. The ex-dividend date is Wednesday, January 15th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Focus Financial Network Inc. bought a new stake in shares of Nuveen Municipal High Income Opportunity Fund during the 3rd quarter worth $481,000. Raymond James & Associates boosted its position in shares of Nuveen Municipal High Income Opportunity Fund by 2.2% in the 3rd quarter. Raymond James & Associates now owns 516,479 shares of the company’s stock valued at $6,022,000 after purchasing an additional 11,214 shares during the period. Traynor Capital Management Inc. increased its stake in Nuveen Municipal High Income Opportunity Fund by 16.2% in the 3rd quarter. Traynor Capital Management Inc. now owns 138,812 shares of the company’s stock worth $1,619,000 after purchasing an additional 19,367 shares in the last quarter. PFG Investments LLC raised its holdings in Nuveen Municipal High Income Opportunity Fund by 103.7% during the 3rd quarter. PFG Investments LLC now owns 78,141 shares of the company’s stock worth $911,000 after buying an additional 39,771 shares during the period. Finally, Kercheville Advisors LLC lifted its stake in Nuveen Municipal High Income Opportunity Fund by 16.9% during the third quarter. Kercheville Advisors LLC now owns 17,442 shares of the company’s stock valued at $203,000 after buying an additional 2,520 shares in the last quarter.

Nuveen Municipal High Income Opportunity Fund Company Profile

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.