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Nuveen Municipal High Income Opportunity Fund
NMZFinancial ServicesNYSEUS
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Nuveen Municipal High Income Opportunity Fund (NMZ) offers tax-exempt yields currently translating to 6%-8% taxable-equivalent for many investors. I maintain a bullish outlook on NMZ, reflecting attractive muni yields and strong recent performance. NMZ's primary objective is high current income exempt from regular federal tax, with a secondary focus on total return.
Nuveen Municipal High Income Opportunity Fund offers a 7.8% yield, trading at a 1.57% discount to NAV, appealing to income-focused investors. NMZ employs aggressive leverage (40.22% of assets) and targets unrated municipal bonds, amplifying both yield and risk, especially in high-rate environments. Dividend coverage remains weak; 2025 earnings are $0.21/share versus $0.79/share paid, risking further NAV erosion and potential payout cuts if rates stay elevated.
Shares of Nuveen Municipal High Income Opportunity Fund (NYSE: NMZ - Get Free Report) crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $10.50 and traded as low as $10.00. Nuveen Municipal High Income Opportunity Fund shares last traded at $10.0650, with a volume of 609,971
