Nuveen Municipal High Income Opportunity Fund (NMZ) Reports -25.18% Fall From For 52 Week High, It’s Always Darkest Before The Dawn

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) does about 495.32K shares in volume on a normal day but saw 307134 shares change hands in Friday trading. The company now has a market cap of 1.10B USD. Its current market price is $10.43, marking a decrease of -0.10% compared to the previous close of $10.44. The 52 week high reached by this stock is $13.94 whilst the lowest price level in 52 weeks is $9.70.

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Nuveen Municipal High Income Opportunity Fund (NMZ) has a 20-day trading average at $10.87 and the current price is -25.18% off the 52-week high compared with 7.53% distance from its 52-week low. The 50-day simple moving average of the closing price is $10.75 and its 200-day simple moving average is $11.19. If we look at the stock’s price movements over the week, volatility stands at 1.38%, which decreases to 1.27% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 34.05 to suggest the stock is neutral.

The current price level is -4.25%, -3.07%, and -6.85% away from its SMA20, SMA50, and SMA200 respectively, with the NMZ price moving above the 50-day SMA on February 17. Nuveen Municipal High Income Opportunity Fund (NMZ) stock is down -3.87% over the week and -2.80% over the past month. Its price is 0.87% year-to-date and -23.37% over the past year.

Outstanding shares total 105.91M with insiders holding 0.00% of the shares and institutional holders owning 10.78% of the company’s common stock. The price to earnings ratio (P/E ratio) amounts to 5.16. Price to book ratio is 1.05 and price to sales ratio is 11.05.

According to a U.S. Securities and Exchange Commission filing, VanEck CEF Muni Income ETF has added its position in Nuveen Municipal High Income Opportunity Fund (NMZ) to 375,482 shares, mirroring a recent increase by 0.61%. VanEck CEF Muni Income ETF added 2264.0 shares of Nuveen Municipal High Income Opportunity Fund common stock bringing its total worth to about $4.13 million at the end of recent close, SEC documents show.

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