The Stock Of The Week: Nuveen Municipal High Income Opportunity Fund (NMZ)


As of Wednesday close, Nuveen Municipal High Income Opportunity Fund’s (NYSE:NMZ) stock was up $0.01, moving up 0.09 percent to $10.90. The average number of shares traded per day over the past five days has been 407,580 shares. 3 times new highs have been achieved over the past 5 days, with a $0.25 gain in that time frame. In the last twenty days, the average volume was 491,195, while in the previous 50 days, it was 560,844.

Since last month, NMZ stock rose 8.89%. Shares of the company fell to $9.70 on 10/31/22, the lowest level in the past month. A 52-week high of $15.19 was reached on 01/05/22 after having rallying from a 52-week low of $9.70. Since the beginning of this year, NMZ’s stock price has dropped by -27.91% or -$4.22, and marked a new high 2 times. However, the stock has declined by -28.24% since its 52-week high.

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NMZ stock investors should be aware that Nuveen Municipal High Income Opportunity Fund (NMZ) stock had its last reported insider trading activity 182 days ago on May 26. MOSCHNER ALBIN F, the Trustee of the company, purchased of 1,500 shares for $12.33 on May 26. It resulted in a $18,495 investment by the insider.

Valuation Metrics

Right now, Nuveen Municipal High Income Opportunity Fund (NMZ) has a P/E ratio of about 5.40. Besides these, the trailing price-to-sales (P/S) ratio of 12.81, the price-to-book (PB) ratio of 0.90.

The latest dividend of $0.0540 per share was paid out, which is 0.93% more than last year’s $0.0535. On Tuesday November 1 2022, a $0.0005 dividend increase was announced.

Technical Picture

This quick technical analysis looks at Nuveen Municipal High Income Opportunity Fund’s (NMZ) price momentum. With a historical volatility rate of 19.58%, the RSI 9-day stood at 75.26% on 23 November.

With respect to its five-day moving average, the current Nuveen Municipal High Income Opportunity Fund price is up by +2.35% percent or $0.25. At present, NMZ shares trade +9.00% above its 20-day simple moving average and -9.54% percent below its 100-day simple moving average. However, the stock is currently trading approximately -3.11% below its SMA50 and -22.64% below its SMA200.

Stochastic coefficient K was 93.00% and Stochastic coefficient D was 90.71%, while ATR was 0.23. Given the Stochastic reading of 86.96% for the 14-day period, the RSI (14) reading has been calculated as 68.13%. As of today, the MACD Oscillator reading stands at 0.23, while the 14-day reading stands at 0.44.


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