Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) Sees Large Drop in Short Interest

Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) was the recipient of a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 14,600 shares, a decrease of 41.6% from the September 30th total of 25,000 shares. Based on an average daily trading volume, of 30,700 shares, the short-interest ratio is presently 0.5 days.

Insider Transactions at Pioneer Municipal High Income Opportunities Fund

In related news, major shareholder Saba Capital Management, L.P. acquired 5,200 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was bought at an average cost of $11.93 per share, with a total value of $62,036.00. Following the acquisition, the insider now owns 1,768,568 shares of the company’s stock, valued at approximately $21,099,016.24. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have purchased 57,783 shares of company stock valued at $699,106 in the last quarter.

Institutional Trading of Pioneer Municipal High Income Opportunities Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Sanctuary Advisors LLC bought a new stake in shares of Pioneer Municipal High Income Opportunities Fund in the second quarter worth approximately $388,000. Whitebox Advisors LLC increased its position in Pioneer Municipal High Income Opportunities Fund by 157.0% during 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 last quarter. Blue Bell Private Wealth Management LLC lifted its holdings in Pioneer Municipal High Income Opportunities Fund by 82.9% in the second quarter. Blue Bell Private Wealth Management LLC now owns 24,065 shares of the company’s stock valued at $280,000 after acquiring an additional 10,906 shares during the period. WMG Financial Advisors LLC purchased a new position in Pioneer Municipal High Income Opportunities Fund in the second quarter worth about $117,000. Finally, Prudent Investors Network Inc. bought a new stake in shares of Pioneer Municipal High Income Opportunities Fund during the 1st quarter valued at about $117,000.

Pioneer Municipal High Income Opportunities Fund Stock Up 0.2 %

Shares of MIO opened at $12.03 on Friday. The stock has a 50 day simple moving average of $12.29 and a two-hundred day simple moving average of $11.80. Pioneer Municipal High Income Opportunities Fund has a 1 year low of $9.18 and a 1 year high of $12.62.

Pioneer Municipal High Income Opportunities Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 18th will be given a $0.05 dividend. The ex-dividend date is Friday, October 18th. This represents a $0.60 annualized dividend and a yield of 4.99%.