Insider Buying: Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) Major Shareholder Buys $63,591.32 in Stock

Posted by Tech Dows on Jan 9th, 2025

Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO – Get Free Report) major shareholder Saba Capital Management, L.P. bought 5,317 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was acquired at an average price of $11.96 per share, for a total transaction of $63,591.32. Following the acquisition, the insider now directly owns 2,085,255 shares in the company, valued at $24,939,649.80. This trade represents a 0.26 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more 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, December 30th, Saba Capital Management, L.P. acquired 21,469 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was bought at an average price of $11.91 per share, for a total transaction of $255,695.79.
On Thursday, December 26th, Saba Capital Management, L.P. bought 32,911 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was bought 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. purchased 12,165 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was bought at an average cost of $11.85 per share, for a total transaction of $144,155.25.
On Thursday, December 19th, Saba Capital Management, L.P. acquired 20,825 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were purchased 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. bought 11,865 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was purchased 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. purchased 7,505 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were purchased at an average price of $12.18 per share, with a total value of $91,410.90.
On Tuesday, December 10th, Saba Capital Management, L.P. acquired 7,284 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was purchased at an average price of $12.26 per share, for a total transaction of $89,301.84.
On Wednesday, November 27th, Saba Capital Management, L.P. bought 3,881 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was acquired at an average cost of $12.19 per share, with a total value of $47,309.39.
On Monday, November 25th, Saba Capital Management, L.P. purchased 3,700 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were acquired at an average price of $12.10 per share, for a total transaction of $44,770.00.
On Thursday, November 21st, Saba Capital Management, L.P. acquired 8,760 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was acquired at an average price of $12.05 per share, with a total value of $105,558.00.

Pioneer Municipal High Income Opportunities Fund Stock Performance

NYSE MIO opened at $12.00 on Thursday. The stock’s 50-day moving average is $12.09 and its two-hundred day moving average is $12.10. Pioneer Municipal High Income Opportunities Fund, Inc. has a fifty-two week low of $10.48 and a fifty-two week high of $12.62.

Pioneer Municipal High Income Opportunities Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.60 annualized dividend and a yield of 5.00%.

Institutional Investors Weigh In On Pioneer Municipal High Income Opportunities Fund

Large investors have recently added to or reduced their stakes in the stock. Whitebox Advisors LLC lifted its stake in shares of Pioneer Municipal High Income Opportunities Fund by 157.0% in 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 last quarter. Sanctuary Advisors LLC acquired a new position in Pioneer Municipal High Income Opportunities Fund during the 2nd quarter worth $388,000. Finally, Rivernorth Capital Management LLC lifted its position in Pioneer Municipal High Income Opportunities Fund by 48.0% during the 3rd quarter. Rivernorth Capital Management LLC now owns 1,118,669 shares of the company’s stock worth $13,871,000 after acquiring an additional 362,964 shares during the last quarter.