Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) Major Shareholder Saba Capital Management, L.P. Acquires 12,400 Shares of Stock

Posted by Emily Schoerning on Nov 22nd, 2024

Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 12,400 shares of Pioneer Municipal High Income Opportunities Fund stock in a transaction that occurred on Tuesday, November 19th. The shares were bought at an average price of $12.17 per share, for a total transaction of $150,908.00. Following the transaction, the insider now owns 1,887,834 shares of the company’s stock, valued at $22,974,939.78. This represents a 0.66 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 Thursday, November 14th, Saba Capital Management, L.P. bought 8,561 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was bought 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 purchased 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 purchased at an average price of $12.14 per share, with a total value of $63,771.42.
On Thursday, October 31st, Saba Capital Management, L.P. bought 2,461 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was purchased at an average price of $12.08 per share, for a total transaction of $29,728.88.
On Tuesday, October 29th, Saba Capital Management, L.P. purchased 10,567 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were purchased at an average price of $12.01 per share, with a total value of $126,909.67.
On Wednesday, August 28th, Saba Capital Management, L.P. acquired 1,500 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was acquired at an average price of $12.09 per share, with a total value of $18,135.00.
On Friday, August 23rd, Saba Capital Management, L.P. bought 5,700 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was acquired at an average price of $12.15 per share, for a total transaction of $69,255.00.

Pioneer Municipal High Income Opportunities Fund Stock Performance

Shares of NYSE MIO traded up $0.01 during mid-day trading on Friday, reaching $12.04. 1,134 shares of the company’s stock were exchanged, compared to its average volume of 35,735. Pioneer Municipal High Income Opportunities Fund, Inc. has a 52-week low of $9.99 and a 52-week high of $12.62. The company’s 50-day moving average is $12.24 and its 200-day moving average is $11.93.

Pioneer Municipal High Income Opportunities Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a dividend of $0.05 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date of this dividend is Friday, November 15th.

Institutional Investors Weigh In On Pioneer Municipal High Income Opportunities Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. WMG Financial Advisors LLC acquired a new position in Pioneer Municipal High Income Opportunities Fund during the 2nd quarter worth about $117,000. Prudent Investors Network Inc. purchased a new position in Pioneer Municipal High Income Opportunities Fund in the 1st quarter valued at approximately $117,000. Blue Bell Private Wealth Management LLC grew its stake in shares of 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 worth $280,000 after acquiring an additional 10,906 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Pioneer Municipal High Income Opportunities Fund during the second quarter worth $388,000. Finally, Whitebox Advisors LLC acquired a new stake in shares of Pioneer Municipal High Income Opportunities Fund in the first quarter valued at $504,000.