Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) Short Interest Down 33.4% in February

Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) was the recipient of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 34,500 shares, a drop of 33.4% from the February 13th total of 51,800 shares. Based on an average daily trading volume, of 46,600 shares, the short-interest ratio is presently 0.7 days.

Hedge Funds Weigh In On Pioneer Municipal High Income Fund

Several large investors have recently bought and sold shares of MHI. Rivernorth Capital Management LLC grew its stake in shares of Pioneer Municipal High Income Fund by 155.3% during the third quarter. Rivernorth Capital Management LLC now owns 1,395,686 shares of the investment management company’s stock worth $13,399,000 after purchasing an additional 849,106 shares during the period. Saba Capital Management L.P. boosted its holdings in Pioneer Municipal High Income Fund by 13.7% during the fourth quarter. Saba Capital Management L.P. now owns 4,107,961 shares of the investment management company’s stock worth $38,040,000 after buying an additional 494,847 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Pioneer Municipal High Income Fund by 78.6% during the 4th quarter. Wells Fargo & Company MN now owns 588,862 shares of the investment management company’s stock worth $5,453,000 after buying an additional 259,197 shares during the period. Sit Investment Associates Inc. increased its stake in shares of Pioneer Municipal High Income Fund by 12.5% in the 4th quarter. Sit Investment Associates Inc. now owns 2,298,892 shares of the investment management company’s stock valued at $21,288,000 after acquiring an additional 256,036 shares during the last quarter. Finally, Almitas Capital LLC raised its position in shares of Pioneer Municipal High Income Fund by 72.5% in the 4th quarter. Almitas Capital LLC now owns 195,878 shares of the investment management company’s stock valued at $1,814,000 after acquiring an additional 82,347 shares during the period.

Pioneer Municipal High Income Fund Price Performance

Pioneer Municipal High Income Fund stock traded down $0.09 during mid-day trading on Friday, hitting $9.24. The stock had a trading volume of 81,765 shares, compared to its average volume of 38,865. The stock has a 50-day simple moving average of $9.40 and a two-hundred day simple moving average of $9.45. Pioneer Municipal High Income Fund has a 12 month low of $8.45 and a 12 month high of $9.74.

Pioneer Municipal High Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.035 per share. This represents a $0.42 annualized dividend and a dividend yield of 4.55%. The ex-dividend date is Friday, March 14th.

About Pioneer Municipal High Income Fund

Pioneer Municipal High Income Fund, Inc is a closed-ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc It invests in the fixed income markets of the United States. The fund primarily invests in municipal securities. It seeks to invest in securities across the credit rating and maturity spectrum.