Saba Capital Management, L.P. Acquires 12,400 Shares of Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) Stock

Posted by Teresa Graham on Nov 23rd, 2024

Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 12,400 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was bought at an average cost of $12.17 per share, for a total transaction of $150,908.00. Following the completion of the transaction, the insider now directly owns 1,887,834 shares of the company’s stock, valued at $22,974,939.78. This trade represents a 0.66 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

On Thursday, November 14th, Saba Capital Management, L.P. bought 8,561 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were acquired at an average cost of $12.21 per share, for a total transaction of $104,529.81.
On Monday, November 11th, Saba Capital Management, L.P. bought 1,660 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were acquired at an average cost of $12.14 per share, for a total transaction of $20,152.40.
On Monday, November 4th, Saba Capital Management, L.P. bought 5,253 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was purchased at an average price of $12.14 per share, with a total value of $63,771.42.
On Thursday, October 31st, Saba Capital Management, L.P. purchased 2,461 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were purchased at an average cost of $12.08 per share, for a total transaction of $29,728.88.
On Tuesday, October 29th, Saba Capital Management, L.P. acquired 10,567 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was acquired at an average cost of $12.01 per share, with a total value of $126,909.67.
On Wednesday, August 28th, Saba Capital Management, L.P. bought 1,500 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were acquired at an average cost of $12.09 per share, for a total transaction of $18,135.00.
On Friday, August 23rd, Saba Capital Management, L.P. purchased 5,700 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was acquired at an average price of $12.15 per share, for a total transaction of $69,255.00.

Pioneer Municipal High Income Opportunities Fund Stock Up 0.1 %

Shares of NYSE:MIO opened at $12.05 on Friday. Pioneer Municipal High Income Opportunities Fund, Inc. has a fifty-two week low of $9.99 and a fifty-two week high of $12.62. The firm has a 50-day simple moving average of $12.24 and a 200 day simple moving average of $11.93.

Pioneer Municipal High Income Opportunities Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a yield of 4.98%.

Hedge Funds Weigh In On Pioneer Municipal High Income Opportunities Fund

Large investors have recently bought and sold shares of the business. WMG Financial Advisors LLC acquired a new stake in shares of Pioneer Municipal High Income Opportunities Fund in the second quarter valued at approximately $117,000. Prudent Investors Network Inc. acquired a new stake in shares of Pioneer Municipal High Income Opportunities Fund in the first quarter valued at approximately $117,000. Blue Bell Private Wealth Management LLC increased its stake in shares of Pioneer Municipal High Income Opportunities Fund by 82.9% in the second quarter. Blue Bell Private Wealth Management LLC now owns 24,065 shares of the company’s stock valued at $280,000 after purchasing an additional 10,906 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of Pioneer Municipal High Income Opportunities Fund in the second quarter valued at approximately $388,000. Finally, Whitebox Advisors LLC acquired a new stake in shares of Pioneer Municipal High Income Opportunities Fund in the first quarter valued at approximately $504,000.