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

Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) saw a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 23,700 shares, a drop of 51.2% from the January 15th total of 48,600 shares. Based on an average daily trading volume, of 33,200 shares, the short-interest ratio is presently 0.7 days.

Pioneer Municipal High Income Opportunities Fund Price Performance

Shares of NYSE:MIO traded up $0.02 during midday trading on Thursday, reaching $12.02. The company had a trading volume of 15,765 shares, compared to its average volume of 21,457. The company’s 50 day moving average price is $12.02 and its 200 day moving average price is $12.14. Pioneer Municipal High Income Opportunities Fund has a 52-week low of $10.90 and a 52-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, February 28th. Investors of record on Tuesday, February 18th will be paid a $0.05 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 4.99%. The ex-dividend date is Tuesday, February 18th.

Insider Activity

In other news, major shareholder Saba Capital Management, L.P. purchased 12,400 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were acquired at an average cost of $12.17 per share, for a total transaction of $150,908.00. Following the completion of the acquisition, the insider now owns 1,887,834 shares in the company, valued at $22,974,939.78. This trade represents a 0.66 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders bought a total of 172,531 shares of company stock worth $2,067,672 in the last three months.

Institutional Investors Weigh In On Pioneer Municipal High Income Opportunities Fund

Several institutional investors have recently made changes to their positions in MIO. Raymond James Financial Inc. purchased a new position in Pioneer Municipal High Income Opportunities Fund during the fourth quarter valued at approximately $167,000. Independent Advisor Alliance purchased a new stake in shares of Pioneer Municipal High Income Opportunities Fund in the 4th quarter valued at about $172,000. Catalina Capital Group LLC purchased a new stake in shares of Pioneer Municipal High Income Opportunities Fund in the 4th quarter valued at about $219,000. Noble Wealth Management PBC bought a new stake in Pioneer Municipal High Income Opportunities Fund during the fourth quarter valued at approximately $319,000. Finally, Atala Financial Inc purchased a new position in Pioneer Municipal High Income Opportunities Fund in the fourth quarter worth $380,000.