Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) Short Interest Update

Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) saw a large decline in short interest during the month of September. As of September 30th, there was short interest totalling 17,800 shares, a decline of 18.3% from the September 15th total of 21,800 shares. Based on an average daily volume of 45,600 shares, the days-to-cover ratio is currently 0.4 days.

Pioneer Municipal High Income Fund Trading Down 0.3 %

MHI traded down $0.03 during trading hours on Tuesday, reaching $9.44. The company’s stock had a trading volume of 70,333 shares, compared to its average volume of 61,268. Pioneer Municipal High Income Fund has a fifty-two week low of $6.93 and a fifty-two week high of $9.72. The business’s 50-day moving average is $9.51 and its 200-day moving average is $9.13.

Pioneer Municipal High Income Fund Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 18th will be paid a $0.035 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 4.45%. The ex-dividend date is Friday, October 18th.

Insiders Place Their Bets

In related news, major shareholder Saba Capital Management, L.P. bought 12,089 shares of the business’s stock in a transaction on Friday, July 26th. The stock was acquired at an average cost of $9.13 per share, with a total value of $110,372.57. Following the purchase, the insider now directly owns 3,511,022 shares of the company’s stock, valued at $32,055,630.86. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have acquired a total of 100,079 shares of company stock valued at $938,873 in the last 90 days.

Hedge Funds Weigh In On Pioneer Municipal High Income Fund

A number of hedge funds have recently made changes to their positions in the stock. Nomura Holdings Inc. purchased a new position in Pioneer Municipal High Income Fund during the 4th quarter valued at about $104,000. Park Avenue Securities LLC boosted its stake in shares of Pioneer Municipal High Income Fund by 1.5% in the first quarter. Park Avenue Securities LLC now owns 118,022 shares of the investment management company’s stock valued at $1,043,000 after purchasing an additional 1,778 shares during the period. Whitebox Advisors LLC acquired a new position in shares of Pioneer Municipal High Income Fund in the first quarter valued at approximately $1,962,000. Integrated Capital Management Inc. increased its stake in Pioneer Municipal High Income Fund by 7.1% during the 2nd quarter. Integrated Capital Management Inc. now owns 20,585 shares of the investment management company’s stock worth $188,000 after buying an additional 1,370 shares during the period. Finally, Rothschild Investment LLC acquired a new stake in Pioneer Municipal High Income Fund during the 2nd quarter worth approximately $46,000.

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.