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

Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) was the recipient of a large increase in short interest in March. As of March 15th, there was short interest totalling 42,600 shares, an increase of 23.5% from the February 28th total of 34,500 shares. Based on an average daily trading volume, of 46,600 shares, the short-interest ratio is currently 0.9 days.

Institutional Trading of Pioneer Municipal High Income Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Park Avenue Securities LLC grew its holdings in Pioneer Municipal High Income Fund by 4.4% during the 4th quarter. Park Avenue Securities LLC now owns 113,263 shares of the investment management company’s stock valued at $1,049,000 after buying an additional 4,767 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Pioneer Municipal High Income Fund by 0.7% during the fourth quarter. Van ECK Associates Corp now owns 163,778 shares of the investment management company’s stock worth $1,517,000 after acquiring an additional 1,125 shares during the last quarter. Stifel Financial Corp boosted its position in shares of Pioneer Municipal High Income Fund by 5.4% during the third quarter. Stifel Financial Corp now owns 35,890 shares of the investment management company’s stock worth $345,000 after acquiring an additional 1,836 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Pioneer Municipal High Income Fund by 11.3% during the fourth quarter. Bank of New York Mellon Corp now owns 59,602 shares of the investment management company’s stock valued at $552,000 after acquiring an additional 6,044 shares in the last quarter. Finally, Rivernorth Capital Management LLC increased its holdings in Pioneer Municipal High Income Fund by 155.3% in the 3rd quarter. Rivernorth Capital Management LLC now owns 1,395,686 shares of the investment management company’s stock valued at $13,399,000 after acquiring an additional 849,106 shares during the last quarter.

Pioneer Municipal High Income Fund Stock Performance

MHI opened at $9.22 on Thursday. The firm’s fifty day moving average is $9.38 and its 200 day moving average is $9.43. Pioneer Municipal High Income Fund has a fifty-two week low of $8.45 and a fifty-two week high of $9.74.

Pioneer Municipal High Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.035 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date was 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.