Short Interest in Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) Grows By 24.3%

Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 33,800 shares, an increase of 24.3% from the February 13th total of 27,200 shares. Based on an average trading volume of 52,800 shares, the days-to-cover ratio is presently 0.6 days.

Pioneer Municipal High Income Advantage Fund Stock Performance

Shares of MAV stock opened at $8.44 on Wednesday. The firm’s 50 day moving average price is $8.57 and its 200-day moving average price is $8.66. Pioneer Municipal High Income Advantage Fund has a one year low of $7.77 and a one year high of $9.10.

Pioneer Municipal High Income Advantage Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a dividend of $0.0325 per share. This represents a $0.39 annualized dividend and a yield of 4.62%. The ex-dividend date of this dividend is Friday, March 14th.

Institutional Investors Weigh In On Pioneer Municipal High Income Advantage Fund

Large investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC increased its stake in Pioneer Municipal High Income Advantage Fund by 105.8% during the 4th quarter. Sanctuary Advisors LLC now owns 21,891 shares of the company’s stock worth $188,000 after buying an additional 11,254 shares during the period. Van ECK Associates Corp increased its stake in Pioneer Municipal High Income Advantage Fund by 2.6% during the 4th quarter. Van ECK Associates Corp now owns 173,307 shares of the company’s stock worth $1,461,000 after buying an additional 4,360 shares during the period. Park Avenue Securities LLC increased its stake in Pioneer Municipal High Income Advantage Fund by 4.7% during the 4th quarter. Park Avenue Securities LLC now owns 117,850 shares of the company’s stock worth $993,000 after buying an additional 5,297 shares during the period. Rivernorth Capital Management LLC increased its stake in Pioneer Municipal High Income Advantage Fund by 32.9% during the 3rd quarter. Rivernorth Capital Management LLC now owns 1,379,762 shares of the company’s stock worth $12,197,000 after buying an additional 341,293 shares during the period. Finally, Noble Wealth Management PBC purchased a new stake in shares of Pioneer Municipal High Income Advantage Fund in the 4th quarter valued at approximately $51,000.

About Pioneer Municipal High Income Advantage Fund

Pioneer Municipal High Income Advantage Fund, Inc is a closed ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc The fund invests in the fixed income markets of the United States. It invests primarily in municipal bonds. The fund benchmarks the performance of its portfolio against the Barclays Capital High Yield Municipal Bond Index and the Barclays Capital Municipal Bond Index.