Nuveen Municipal High Income Opportunity Fund
NMZFinancial ServicesNASDAQAsset Management · Last scanned May 30, 2026
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Daily timeframePart of the financial services sector, Nuveen Municipal High Income Opportunity Fund (NMZ) is listed under Asset Management. With a market capitalization of $1.21B, it sits in small-cap territory. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC.
Market Cap
$1.21B
Beta
0.73
P/E (TTM)
49.10
P/E (Fwd)
—
EPS (TTM)
$0.21
EPS (Fwd)
—
ROE
2.1%
ROA
2.9%
Cash
$917,781
Total Debt
$454.9M
Free CF
$35.0M
52W Change
-0.9%
Annual Financials
Cash vs Debt
On the balance sheet, NMZ has $918K in cash with $454.9M in obligations. The ability to service this debt comfortably depends on continued operational cash generation. Free cash flow comes in at $35.0M, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. Return on equity stands at 2.1%, which is modest for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 2.9% is on the lower side, which is common in asset-heavy industries. Revenue has grown from -$397.7M (2022) to $27.1M (2025), reflecting a 107% increase over the period.
The debt-to-cash ratio suggests meaningful leverage on the balance sheet, a factor worth monitoring if credit conditions tighten. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for Nuveen Municipal High Income Opportunity Fund and its sector.