Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Shares of 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 $10.37 and traded as low as $10.11. Nuveen Municipal High Income Opportunity Fund shares last traded at $10.1510, with a volume of 577,928 shares traded.

Nuveen Municipal High Income Opportunity Fund Stock Performance

The company has a 50 day simple moving average of $10.54 and a two-hundred day simple moving average of $10.37.

Nuveen Municipal High Income Opportunity Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be given a $0.0655 dividend. The ex-dividend date is Monday, December 15th. This represents a c) dividend on an annualized basis and a yield of 7.8%.

Insiders Place Their Bets

In other Nuveen Municipal High Income Opportunity Fund news, major shareholder Of America Corp /De/ Bank purchased 6,440 shares of Nuveen Municipal High Income Opportunity Fund stock in a transaction on Friday, October 10th. The stock was bought at an average cost of $10.56 per share, with a total value of $68,006.40. Following the transaction, the insider owned 6,440 shares of the company’s stock, valued at $68,006.40. This represents a ? increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders have purchased 7,630 shares of company stock valued at $80,344.

Institutional Trading of Nuveen Municipal High Income Opportunity Fund

Large investors have recently made changes to their positions in the business. MGO One Seven LLC boosted its holdings in Nuveen Municipal High Income Opportunity Fund by 2.8% in the third quarter. MGO One Seven LLC now owns 39,674 shares of the company’s stock valued at $420,000 after purchasing an additional 1,091 shares during the last quarter. Wakefield Asset Management LLLP raised its stake in shares of Nuveen Municipal High Income Opportunity Fund by 1.2% during the 3rd quarter. Wakefield Asset Management LLLP now owns 88,868 shares of the company’s stock valued at $942,000 after buying an additional 1,096 shares during the last quarter. KG&L Capital Management LLC lifted its holdings in shares of Nuveen Municipal High Income Opportunity Fund by 8.0% in the 3rd quarter. KG&L Capital Management LLC now owns 18,800 shares of the company’s stock valued at $199,000 after buying an additional 1,400 shares during the period. Dynamic Advisor Solutions LLC boosted its stake in shares of Nuveen Municipal High Income Opportunity Fund by 13.2% in the third quarter. Dynamic Advisor Solutions LLC now owns 14,727 shares of the company’s stock worth $156,000 after buying an additional 1,713 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its stake in shares of Nuveen Municipal High Income Opportunity Fund by 2.7% in the first quarter. NewEdge Advisors LLC now owns 79,257 shares of the company’s stock worth $865,000 after buying an additional 2,112 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.