Nuveen Municipal Closed-End Funds Announce Shareholder Approval of Proposed Mergers
Business Wire (Thu, 2-Apr 4:15 PM ET)
Nuveen Municipal High Income Opportunity Fund declares $0.0655 dividend
Seeking Alpha News (Thu, 2-Apr 1:23 PM ET)
The fund's primary investment objective is to provide high current income exempt from regular federal income tax. Its secondary investment objective is to seek attractive total return consistent with its primary objective. The fund invests in municipal securities that are exempt from federal income taxes. The fund invests at least 50% of its managed assets in municipal securities rated, at the time of investment, investment grade (Baa/BBB or better by S&P, Moody's, and Fitch) or, if they are unrated, are judged by the manager to be of comparable quality. The fund may invest up to 50% of its managed assets in municipal securities that, at the time of investment, are rated below investment grade quality or that are unrated but judged by the manager to be of comparable quality. No more than 5% of the fund's managed assets may be invested in municipal securities rated at or below B3/B-, or that are unrated but judged by the manager to be of comparable quality. Up to 30% of the fund's managed assets may be invested in municipal securities that pay interest that is taxable under the federal alternative minimum tax applicable to individuals. The fund uses leverage.
Nuveen Muni High Opportunity trades on the NYSE stock market under the symbol NMZ.
As of April 2, 2026, NMZ stock price declined to $10.33 with 409,227 million shares trading.
NMZ has a beta of -0.08, meaning it tends to be less sensitive to market movements. NMZ has a correlation of 0.01 to the broad based SPY ETF.
NMZ has a market cap of $1.23 billion. This is considered a Small Cap stock.
In the last 3 years, NMZ traded as high as $11.90 and as low as $8.26.
NMZ has underperformed the market in the last year with a return of +2.0%, while SPY returned +18.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in NMZ shares. However, NMZ has outperformed the market in the last 3 month and 2 week periods, returning +3.3% and -0.4%, while SPY returned -3.6% and -0.6%, respectively. This indicates NMZ has been having a stronger performance recently.
NMZ support price is $10.25 and resistance is $10.43 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NMZ shares will trade within this expected range on the day.
