Short Interest in Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) Expands By 23.5%

Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 42,600 shares, a growth of 23.5% from the February 28th total of 34,500 shares. Based on an average trading volume of 46,600 shares, the days-to-cover ratio is presently 0.9 days.

Hedge Funds Weigh In On Pioneer Municipal High Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in MHI. Citadel Advisors LLC purchased a new stake in shares of Pioneer Municipal High Income Fund during the 4th quarter worth approximately $93,000. Daner Wealth Management LLC bought a new stake in shares of Pioneer Municipal High Income Fund in the 4th quarter worth about $247,000. Noble Wealth Management PBC bought a new stake in shares of Pioneer Municipal High Income Fund during the 4th quarter valued at about $282,000. Blue Bell Private Wealth Management LLC boosted its holdings in shares of Pioneer Municipal High Income Fund by 5.5% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 33,742 shares of the investment management company’s stock valued at $312,000 after acquiring an additional 1,773 shares during the period. Finally, Bank of America Corp DE raised its position in shares of Pioneer Municipal High Income Fund by 6.5% during the 4th quarter. Bank of America Corp DE now owns 34,955 shares of the investment management company’s stock worth $324,000 after buying an additional 2,133 shares in the last quarter.

Pioneer Municipal High Income Fund Stock Up 0.1 %

MHI stock traded up $0.01 during trading on Wednesday, reaching $9.22. The company had a trading volume of 40,223 shares, compared to its average volume of 47,903. Pioneer Municipal High Income Fund has a twelve month low of $8.45 and a twelve month high of $9.74. The firm has a 50-day simple moving average of $9.38 and a 200-day simple moving average of $9.43.

Pioneer Municipal High Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a $0.035 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.42 annualized dividend and a yield of 4.56%.

Pioneer Municipal High Income Fund Company Profile

Pioneer Municipal High Income Fund, Inc is a closed-ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc It invests in the fixed income markets of the United States. The fund primarily invests in municipal securities. It seeks to invest in securities across the credit rating and maturity spectrum.