Saba Capital Management, L.P. Buys 3,881 Shares of Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) Stock

Posted by Tech Dows on Nov 29th, 2024

Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO – Get Free Report) major shareholder Saba Capital Management, L.P. bought 3,881 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The stock was purchased at an average cost of $12.19 per share, with a total value of $47,309.39. Following the completion of the transaction, the insider now owns 1,917,446 shares in the company, valued at approximately $23,373,666.74. This trade represents a 0.20 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 25th, Saba Capital Management, L.P. acquired 3,700 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was purchased at an average cost of $12.10 per share, with a total value of $44,770.00.
On Thursday, November 21st, Saba Capital Management, L.P. bought 8,760 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was acquired at an average cost of $12.05 per share, for a total transaction of $105,558.00.
On Tuesday, November 19th, Saba Capital Management, L.P. acquired 12,400 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were acquired at an average cost of $12.17 per share, for a total transaction of $150,908.00.
On Thursday, November 14th, Saba Capital Management, L.P. bought 8,561 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was acquired at an average cost of $12.21 per share, with a total value of $104,529.81.
On Monday, November 11th, Saba Capital Management, L.P. purchased 1,660 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were bought at an average cost of $12.14 per share, for a total transaction 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 cost of $12.14 per share, with a total value 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 shares were bought 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. acquired 10,567 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was purchased at an average price of $12.01 per share, for a total transaction of $126,909.67.

Pioneer Municipal High Income Opportunities Fund Stock Up 0.4 %

Shares of MIO stock traded up $0.05 during mid-day trading on Friday, hitting $12.33. The stock had a trading volume of 22,913 shares, compared to its average volume of 35,975. The company’s 50-day simple moving average is $12.21 and its 200-day simple moving average is $11.96. Pioneer Municipal High Income Opportunities Fund, Inc. has a fifty-two week low of $10.10 and a fifty-two week high of $12.62.

Pioneer Municipal High Income Opportunities Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a $0.05 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a yield of 4.87%.

Hedge Funds Weigh In On Pioneer Municipal High Income Opportunities Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rivernorth Capital Management LLC lifted its holdings in shares of Pioneer Municipal High Income Opportunities Fund by 48.0% in the 3rd quarter. Rivernorth Capital Management LLC now owns 1,118,669 shares of the company’s stock valued at $13,871,000 after buying an additional 362,964 shares during the period. Whitebox Advisors LLC lifted its holdings in 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 valued at $1,335,000 after acquiring an additional 70,022 shares during the period. Sanctuary Advisors LLC acquired a new stake in Pioneer Municipal High Income Opportunities Fund in the second quarter valued at $388,000. Blue Bell Private Wealth Management LLC boosted its position in shares of Pioneer Municipal High Income Opportunities Fund by 82.9% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 24,065 shares of the company’s stock worth $280,000 after purchasing an additional 10,906 shares in the last quarter. Finally, WMG Financial Advisors LLC acquired a new position in shares of Pioneer Municipal High Income Opportunities Fund during the 2nd quarter worth $117,000.