Insider Buying: Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) Major Shareholder Acquires $78,582.08 in Stock

Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) major shareholder Saba Capital Management, L.P. bought 6,637 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The shares were purchased at an average cost of $11.84 per share, with a total value of $78,582.08. Following the purchase, the insider now directly owns 2,095,894 shares of the company’s stock, valued at approximately $24,815,384.96. This represents a 0.32 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 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 Tuesday, January 21st, Saba Capital Management, L.P. purchased 51 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was acquired at an average cost of $11.91 per share, with a total value of $607.41.
• 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 price of $11.89 per share, for a total transaction 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 shares were acquired at an average price of $12.00 per share, with a total value of $33,228.00.
• On Thursday, January 2nd, Saba Capital Management, L.P. purchased 5,317 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was bought at an average cost of $11.96 per share, for a total transaction of $63,591.32.
• On Monday, December 30th, Saba Capital Management, L.P. acquired 21,469 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were bought at an average cost of $11.91 per share, with a total value 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 shares were bought at an average cost of $11.85 per share, for a total transaction 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 price of $11.85 per share, with a total value 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 bought at an average price of $12.00 per share, for a total transaction 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 price of $12.11 per share, with a total value 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, for a total transaction of $91,410.90.

Pioneer Municipal High Income Opportunities Fund Trading Down 0.6 %

NYSE MIO opened at $11.98 on Friday. The firm’s 50 day moving average price is $12.06 and its two-hundred day moving average price is $12.12. Pioneer Municipal High Income Opportunities Fund, Inc. has a twelve month low of $10.60 and a twelve month high of $12.62.

Pioneer Municipal High Income Opportunities Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.01%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Rivernorth Capital Management LLC boosted its position in Pioneer Municipal High Income Opportunities Fund by 49.9% during the 3rd quarter. Rivernorth Capital Management LLC now owns 1,132,947 shares of the company’s stock worth $14,049,000 after acquiring an additional 377,242 shares during the period. Whitebox Advisors LLC lifted its position 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 purchasing an additional 70,022 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Pioneer Municipal High Income Opportunities Fund during the second quarter worth approximately $388,000.