Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) Short Interest Update

Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) saw a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 49,100 shares, a decline of 24.0% from the December 31st total of 64,600 shares. Based on an average trading volume of 55,800 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Investors Weigh In On Pioneer Municipal High Income Advantage Fund

Several institutional investors have recently bought and sold shares of the stock. XML Financial LLC lifted its holdings in Pioneer Municipal High Income Advantage Fund by 9.1% in the fourth quarter. XML Financial LLC now owns 19,100 shares of the company’s stock worth $161,000 after purchasing an additional 1,600 shares during the period. Van ECK Associates Corp lifted its holdings in Pioneer Municipal High Income Advantage Fund by 2.6% in the fourth quarter. Van ECK Associates Corp now owns 173,307 shares of the company’s stock worth $1,461,000 after purchasing an additional 4,360 shares during the period. Park Avenue Securities LLC lifted its holdings in Pioneer Municipal High Income Advantage Fund by 4.7% in the fourth quarter. Park Avenue Securities LLC now owns 117,850 shares of the company’s stock worth $993,000 after purchasing an additional 5,297 shares during the period. Sanctuary Advisors LLC acquired a new stake in Pioneer Municipal High Income Advantage Fund in the third quarter worth about $92,000. Finally, Moloney Securities Asset Management LLC acquired a new stake in Pioneer Municipal High Income Advantage Fund in the third quarter worth about $97,000.

Pioneer Municipal High Income Advantage Fund Stock Performance

Shares of MAV traded down $0.09 during midday trading on Friday, hitting $8.52. 81,503 shares of the stock traded hands, compared to its average volume of 41,305. Pioneer Municipal High Income Advantage Fund has a 1-year low of $7.77 and a 1-year high of $9.10. The business’s 50 day moving average price is $8.60 and its two-hundred day moving average price is $8.66.

Pioneer Municipal High Income Advantage Fund Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were issued a dividend of $0.0325 per share. This represents a $0.39 annualized dividend and a dividend yield of 4.58%. The ex-dividend date was Wednesday, January 15th.

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.