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

Posted by Tech Dows on Nov 18th, 2024

Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO – Get Free Report) major shareholder Saba Capital Management, L.P. purchased 8,561 shares of Pioneer Municipal High Income Opportunities Fund stock in a transaction dated Thursday, November 14th. The shares were acquired at an average cost of $12.21 per share, for a total transaction of $104,529.81. Following the transaction, the insider now directly owns 1,871,532 shares of the company’s stock, valued at approximately $22,851,405.72. This represents a 0.46 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions 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 stock was 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. purchased 2,461 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was purchased at an average price of $12.08 per share, with a total value of $29,728.88.
On Tuesday, October 29th, Saba Capital Management, L.P. bought 10,567 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were acquired at an average cost of $12.01 per share, for a total transaction of $126,909.67.
On Wednesday, August 28th, Saba Capital Management, L.P. purchased 1,500 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was bought at an average price of $12.09 per share, for a total transaction 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 shares were bought at an average price of $12.15 per share, with a total value of $69,255.00.
On Wednesday, August 21st, Saba Capital Management, L.P. purchased 11,768 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was acquired at an average price of $12.12 per share, with a total value of $142,628.16.

Pioneer Municipal High Income Opportunities Fund Trading Up 0.4 %

Shares of MIO stock traded up $0.05 during midday trading on Monday, hitting $12.20. The company had a trading volume of 15,078 shares, compared to its average volume of 35,869. Pioneer Municipal High Income Opportunities Fund, Inc. has a 52-week low of $9.97 and a 52-week high of $12.62. The company’s 50 day simple moving average is $12.26 and its 200 day simple moving average is $11.91.

Pioneer Municipal High Income Opportunities Fund Announces Dividend

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

Institutional Investors Weigh In On Pioneer Municipal High Income Opportunities Fund

A number of institutional investors have recently added to or reduced their stakes in the business. Rivernorth Capital Management LLC boosted its holdings in 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 worth $13,871,000 after buying an additional 362,964 shares in the last quarter. Whitebox Advisors LLC boosted its stake in shares of 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 acquiring an additional 70,022 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Pioneer Municipal High Income Opportunities Fund in the 2nd quarter worth approximately $388,000. Blue Bell Private Wealth Management LLC increased its stake in Pioneer Municipal High Income Opportunities Fund by 82.9% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 24,065 shares of the company’s stock valued at $280,000 after purchasing an additional 10,906 shares in the last quarter. Finally, Prudent Investors Network Inc. acquired a new position in Pioneer Municipal High Income Opportunities Fund during the first quarter worth $117,000.