Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) Major Shareholder Acquires $104,529.81 in Stock

Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) major shareholder Saba Capital Management, L.P. purchased 8,561 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was bought at an average cost of $12.21 per share, for a total transaction of $104,529.81. Following the purchase, the insider now owns 1,871,532 shares in the company, valued at $22,851,405.72. This represents a 0.46 % 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 link. Major shareholders that own more than 10% 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 Monday, November 11th, Saba Capital Management, L.P. purchased 1,660 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was bought 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. purchased 5,253 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was bought at an average cost of $12.14 per share, for a total transaction of $63,771.42.
• On Thursday, October 31st, Saba Capital Management, L.P. acquired 2,461 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was acquired 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, for a total transaction of $126,909.67.
• On Wednesday, August 28th, Saba Capital Management, L.P. acquired 1,500 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was 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. acquired 5,700 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was acquired at an average cost of $12.15 per share, for a total transaction of $69,255.00.
• On Wednesday, August 21st, Saba Capital Management, L.P. acquired 11,768 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was acquired at an average cost of $12.12 per share, for a total transaction of $142,628.16.

Pioneer Municipal High Income Opportunities Fund Price Performance

Pioneer Municipal High Income Opportunities Fund stock opened at $12.06 on Thursday. The business’s fifty day moving average is $12.25 and its two-hundred day moving average is $11.93. Pioneer Municipal High Income Opportunities Fund, Inc. has a 52 week low of $9.99 and a 52 week high of $12.62.

Pioneer Municipal High Income Opportunities Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.05 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.98%. The ex-dividend date of this dividend is Friday, November 15th.

Hedge Funds Weigh In On Pioneer Municipal High Income Opportunities Fund

Several large investors have recently made changes to their positions in the company. Rivernorth Capital Management LLC lifted its stake in shares of Pioneer Municipal High Income Opportunities Fund by 48.0% during the third quarter. Rivernorth Capital Management LLC now owns 1,118,669 shares of the company’s stock valued at $13,871,000 after acquiring an additional 362,964 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Pioneer Municipal High Income Opportunities Fund during the second quarter valued at $388,000. Whitebox Advisors LLC lifted its stake in shares of Pioneer Municipal High Income Opportunities Fund by 157.0% during the second quarter. Whitebox Advisors LLC now owns 114,612 shares of the company’s stock valued at $1,335,000 after acquiring an additional 70,022 shares during the period. Blue Bell Private Wealth Management LLC lifted its stake in shares of Pioneer Municipal High Income Opportunities Fund by 82.9% during the second quarter. Blue Bell Private Wealth Management LLC now owns 24,065 shares of the company’s stock valued at $280,000 after acquiring an additional 10,906 shares during the period. Finally, WMG Financial Advisors LLC bought a new stake in Pioneer Municipal High Income Opportunities Fund in the second quarter valued at about $117,000.