Does Nuveen Municipal High Income Opportunity Fund’s (NYSE:NMZ) Current Price Make It Worth Investing In? – Marketing Sentinel
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Does Nuveen Municipal High Income Opportunity Fund’s (NYSE:NMZ) Current Price Make It Worth Investing In?

During the last session, Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ)’s traded shares were 0.56 million. At the end of the trading day, the stock’s price was $15.23, reflecting an intraday loss of -0.52% or -$0.08. The 52-week high for the NMZ share is $15.86, that puts it down -4.14 from that peak though still a striking 13.66% gain since the share price plummeted to a 52-week low of $13.15. The company’s market capitalization is $1.28B, and the average intraday trading volume over the past 10 days was 0.33 million shares, and the average trade volume was 277.55K shares over the past three months.

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) trade information

Nuveen Municipal High Income Opportunity Fund (NMZ) registered a -0.52% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.52% in intraday trading to $15.23 price performance is -0.98%, and it has moved by -1.23% in 30 days. Based on these gigs, the overall price performance for the year is 13.15%. The short interest in Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ) is 0.17 million shares and it means that shorts have 0.71 day(s) to cover.

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NMZ Dividends

Nuveen Municipal High Income Opportunity Fund is due to release its next quarterly earnings in October. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Nuveen Municipal High Income Opportunity Fund is 0.78, with the dividend yield indicating at 5.12 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 6.65%.

Nuveen Municipal High Income Opportunity Fund (NYSE:NMZ)’s Major holders

Nuveen Municipal High Income Opportunity Fund insiders own 0.00% of total outstanding shares while institutional holders control 9.43%, with the float percentage being 9.43%. UBS Group AG is the largest shareholder of the company, while 110 institutions own stock in it. As of Mar 30, 2021, the company held over 1.19 million shares (or 1.42% of all shares), a total value of $17.23 million in shares.

The next largest institutional holding, with 0.62 million shares, is of Morgan Stanley’s that is approximately 0.74% of outstanding shares. At the market price on Mar 30, 2021, these shares were valued at $8.97 million.

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Also, the Mutual Funds coming in first place with the largest holdings of Nuveen Municipal High Income Opportunity Fund (NMZ) shares are VanEck Vectors ETF Tr-CEF Municipal Income ETF and Northern Lights Fd Tr IV-Anchor Risk Municipal Strategies Fd. Data provided on Jun 29, 2021 indicates that VanEck Vectors ETF Tr-CEF Municipal Income ETF owns about 0.29 million shares. This amounts to just over 0.35 percent of the company’s overall shares, with a $4.52 million market value. The same data shows that the other fund manager holds slightly less at 0.1 million, or about 0.12% of the stock, which is worth about $1.53 million.

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