Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) Major Shareholder Saba Capital Management, L.P. Acquires 6,637 Shares

Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) major shareholder Saba Capital Management, L.P. bought 6,637 shares of the company’s stock in a transaction on Thursday, January 16th. The stock was purchased at an average cost of $11.84 per share, for a total transaction of $78,582.08. Following the completion of the transaction, the insider now owns 2,095,894 shares in the company, valued at approximately $24,815,384.96. The trade was a 0.32 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Tuesday, January 21st, Saba Capital Management, L.P. purchased 51 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was purchased at an average cost of $11.91 per share, with a total value of $607.41.
• On Friday, January 10th, Saba Capital Management, L.P. acquired 100 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were acquired at an average cost of $11.89 per share, for a total transaction of $1,189.00.
• On Wednesday, January 8th, Saba Capital Management, L.P. bought 2,769 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was acquired at an average cost of $12.00 per share, with a total value of $33,228.00.
• On Thursday, January 2nd, Saba Capital Management, L.P. purchased 5,317 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were acquired at an average price of $11.96 per share, for a total transaction of $63,591.32.
• On Monday, December 30th, Saba Capital Management, L.P. acquired 21,469 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was acquired at an average price of $11.91 per share, with a total value of $255,695.79.
• On Thursday, December 26th, Saba Capital Management, L.P. bought 32,911 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were bought at an average price of $11.85 per share, for a total transaction of $389,995.35.
• On Monday, December 23rd, Saba Capital Management, L.P. purchased 12,165 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were bought at an average price of $11.85 per share, with a total value of $144,155.25.
• On Thursday, December 19th, Saba Capital Management, L.P. bought 20,825 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was bought at an average price of $12.00 per share, with a total value of $249,900.00.
• On Tuesday, December 17th, Saba Capital Management, L.P. purchased 11,865 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were bought at an average price of $12.11 per share, for a total transaction of $143,685.15.
• On Thursday, December 12th, Saba Capital Management, L.P. acquired 7,505 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was purchased at an average price of $12.18 per share, with a total value of $91,410.90.

Pioneer Municipal High Income Opportunities Fund Trading Down 0.6 %

NYSE:MIO opened at $11.98 on Friday. Pioneer Municipal High Income Opportunities Fund, Inc. has a 1 year low of $10.60 and a 1 year high of $12.62. The firm’s fifty day simple moving average is $12.06 and its 200 day simple moving average is $12.12.

Pioneer Municipal High Income Opportunities Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a dividend of $0.05 per share. The ex-dividend date is Wednesday, January 15th. This represents a $0.60 annualized dividend and a dividend yield of 5.01%.

Institutional Trading of Pioneer Municipal High Income Opportunities Fund

Several hedge funds have recently added to or reduced their stakes in the business. Whitebox Advisors LLC increased its position in Pioneer Municipal High Income Opportunities Fund by 157.0% in the 2nd quarter. Whitebox Advisors LLC now owns 114,612 shares of the company’s stock worth $1,335,000 after buying an additional 70,022 shares during the period. Rivernorth Capital Management LLC grew its stake in shares of Pioneer Municipal High Income Opportunities Fund by 48.0% in the third quarter. Rivernorth Capital Management LLC now owns 1,118,669 shares of the company’s stock worth $13,871,000 after acquiring an additional 362,964 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new position in Pioneer Municipal High Income Opportunities Fund during the second quarter worth $388,000.