Saba Capital Management, L.P. Buys 10,567 Shares of Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) Stock

Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) major shareholder Saba Capital Management, L.P. purchased 10,567 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was bought at an average price of $12.01 per share, for a total transaction of $126,909.67. Following the completion of the purchase, the insider now directly owns 1,843,121 shares of the company’s stock, valued at $22,135,883.21. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Major 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 Wednesday, August 28th, Saba Capital Management, L.P. bought 1,500 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was purchased at an average cost of $12.09 per share, with a total value of $18,135.00.
• On Friday, August 23rd, Saba Capital Management, L.P. acquired 5,700 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was purchased at an average price of $12.15 per share, with a total value of $69,255.00.
• On Wednesday, August 21st, Saba Capital Management, L.P. purchased 11,768 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was acquired at an average price of $12.12 per share, with a total value of $142,628.16.
• On Monday, August 12th, Saba Capital Management, L.P. bought 12,078 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were acquired at an average price of $12.09 per share, with a total value of $146,023.02.
• On Wednesday, August 7th, Saba Capital Management, L.P. purchased 21,537 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were bought at an average cost of $12.12 per share, for a total transaction of $261,028.44.
• On Monday, August 5th, Saba Capital Management, L.P. bought 5,200 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was bought at an average price of $11.93 per share, for a total transaction of $62,036.00.

Pioneer Municipal High Income Opportunities Fund Stock Performance

Pioneer Municipal High Income Opportunities Fund stock opened at $12.12 on Friday. The business has a 50 day simple moving average of $12.28 and a 200-day simple moving average of $11.82. Pioneer Municipal High Income Opportunities Fund, Inc. has a 12 month low of $9.25 and a 12 month high of $12.62.

Pioneer Municipal High Income Opportunities Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 18th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, October 18th. This represents a $0.60 annualized dividend and a yield of 4.95%.

Hedge Funds Weigh In On Pioneer Municipal High Income Opportunities Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. WMG Financial Advisors LLC purchased a new stake in shares of Pioneer Municipal High Income Opportunities Fund during the 2nd quarter worth $117,000. Prudent Investors Network Inc. purchased a new position in shares of Pioneer Municipal High Income Opportunities Fund in the 1st quarter valued at about $117,000. Blue Bell Private Wealth Management LLC lifted 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 valued at $280,000 after purchasing an additional 10,906 shares during the period. Sanctuary Advisors LLC purchased a new stake in Pioneer Municipal High Income Opportunities Fund during the second quarter worth about $388,000. Finally, Whitebox Advisors LLC acquired a new position in Pioneer Municipal High Income Opportunities Fund during the first quarter worth about $504,000.