Saba Capital Management, L.P. Purchases 6,637 Shares of Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) Stock

Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) major shareholder Saba Capital Management, L.P. acquired 6,637 shares of the stock in a transaction dated Thursday, January 16th. The shares were acquired at an average cost of $11.84 per share, with a total value of $78,582.08. Following the completion of the transaction, the insider now owns 2,095,894 shares in the company, valued at approximately $24,815,384.96. This represents a 0.32 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Friday, January 10th, Saba Capital Management, L.P. bought 100 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was acquired at an average cost of $11.89 per share, with a total value of $1,189.00.
• On Wednesday, January 8th, Saba Capital Management, L.P. bought 2,769 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was bought at an average price of $12.00 per share, for a total transaction of $33,228.00.
• On Thursday, January 2nd, Saba Capital Management, L.P. acquired 5,317 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were purchased at an average price of $11.96 per share, with a total value of $63,591.32.
• On Monday, December 30th, Saba Capital Management, L.P. bought 21,469 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was purchased at an average cost of $11.91 per share, for a total transaction of $255,695.79.
• On Thursday, December 26th, Saba Capital Management, L.P. acquired 32,911 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was purchased at an average price of $11.85 per share, with a total value of $389,995.35.
• On Monday, December 23rd, Saba Capital Management, L.P. bought 12,165 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were acquired at an average price of $11.85 per share, for a total transaction of $144,155.25.
• On Thursday, December 19th, Saba Capital Management, L.P. purchased 20,825 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was acquired at an average cost of $12.00 per share, with a total value of $249,900.00.
• On Tuesday, December 17th, Saba Capital Management, L.P. acquired 11,865 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were acquired at an average cost of $12.11 per share, for a total transaction of $143,685.15.
• On Thursday, December 12th, Saba Capital Management, L.P. bought 7,505 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were bought at an average price of $12.18 per share, for a total transaction of $91,410.90.
• On Tuesday, December 10th, Saba Capital Management, L.P. bought 7,284 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was bought at an average cost of $12.26 per share, with a total value of $89,301.84.

Pioneer Municipal High Income Opportunities Fund Stock Performance

MIO stock traded up $0.05 during midday trading on Tuesday, hitting $11.94. 13,876 shares of the stock were exchanged, compared to its average volume of 20,198. The stock’s 50-day moving average price is $12.07 and its 200-day moving average price is $12.12. Pioneer Municipal High Income Opportunities Fund, Inc. has a fifty-two week low of $10.55 and a fifty-two week high of $12.62.

Pioneer Municipal High Income Opportunities Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a $0.05 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $0.60 annualized dividend and a dividend yield of 5.03%.

Hedge Funds Weigh In On Pioneer Municipal High Income Opportunities Fund

Hedge funds have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC purchased a new stake in shares of Pioneer Municipal High Income Opportunities Fund during the second quarter worth about $388,000. Whitebox Advisors LLC lifted its position in 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 worth $1,335,000 after buying an additional 70,022 shares during the period. Finally, Rivernorth Capital Management LLC grew its holdings in Pioneer Municipal High Income Opportunities Fund by 48.0% in the 3rd quarter. Rivernorth Capital Management LLC now owns 1,118,669 shares of the company’s stock valued at $13,871,000 after buying an additional 362,964 shares during the period.