Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) Major Shareholder Saba Capital Management, L.P. Purchases 8,561 Shares

Posted by KOP Source Staff on Nov 18th, 2024

Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO – Get Free Report) major shareholder Saba Capital Management, L.P. bought 8,561 shares of Pioneer Municipal High Income Opportunities Fund stock in a transaction on Thursday, November 14th. The stock was purchased at an average price of $12.21 per share, with a total value of $104,529.81. Following the completion of the acquisition, the insider now directly owns 1,871,532 shares of the company’s stock, valued at $22,851,405.72. This represents a 0.46 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 Monday, November 11th, Saba Capital Management, L.P. purchased 1,660 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was acquired at an average price of $12.14 per share, with a total value of $20,152.40.
On Monday, November 4th, Saba Capital Management, L.P. acquired 5,253 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were bought at an average price of $12.14 per share, for a total transaction of $63,771.42.
On Thursday, October 31st, Saba Capital Management, L.P. bought 2,461 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were bought 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 shares were bought at an average price of $12.01 per share, with a total value 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 purchased at an average price of $12.09 per share, with a total value 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 price of $12.15 per share, for a total transaction of $69,255.00.
On Wednesday, August 21st, Saba Capital Management, L.P. bought 11,768 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were acquired at an average price of $12.12 per share, with a total value of $142,628.16.

Pioneer Municipal High Income Opportunities Fund Stock Up 0.4 %

Pioneer Municipal High Income Opportunities Fund stock traded up $0.05 during midday trading on Monday, hitting $12.20. 15,078 shares of the company were exchanged, compared to its average volume of 35,869. The business has a fifty day simple moving average of $12.26 and a two-hundred day simple moving average of $11.91. Pioneer Municipal High Income Opportunities Fund, Inc. has a fifty-two week low of $9.97 and a fifty-two week high of $12.62.

Pioneer Municipal High Income Opportunities Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a yield of 4.92%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in MIO. Rivernorth Capital Management LLC raised its holdings 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 last quarter. Sanctuary Advisors LLC purchased a new position in Pioneer Municipal High Income Opportunities Fund in the 2nd quarter valued at $388,000. Whitebox Advisors LLC boosted its stake in Pioneer Municipal High Income Opportunities Fund by 157.0% during the 2nd quarter. Whitebox Advisors LLC now owns 114,612 shares of the company’s stock worth $1,335,000 after purchasing an additional 70,022 shares during the last quarter. Blue Bell Private Wealth Management LLC grew its holdings 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 worth $280,000 after buying an additional 10,906 shares in the last quarter. Finally, WMG Financial Advisors LLC acquired a new stake in shares of Pioneer Municipal High Income Opportunities Fund in the second quarter valued at about $117,000.