Insider Buying: Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) Major Shareholder Buys 6,637 Shares of Stock

Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) major shareholder Saba Capital Management, L.P. acquired 6,637 shares of the stock in a transaction dated Thursday, January 16th. The shares were bought at an average price of $11.84 per share, with a total value of $78,582.08. Following the completion of the transaction, the insider now directly owns 2,095,894 shares of the company’s stock, valued at $24,815,384.96. The trade was a 0.32 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Friday, January 10th, Saba Capital Management, L.P. acquired 100 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was 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. purchased 2,769 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were bought at an average price of $12.00 per share, with a total value of $33,228.00.
• On Thursday, January 2nd, Saba Capital Management, L.P. bought 5,317 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were bought 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. purchased 21,469 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were 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. purchased 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. acquired 12,165 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was 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. acquired 20,825 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were 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. acquired 11,865 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were bought at an average cost of $12.11 per share, with a total value 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 bought at an average cost of $12.18 per share, for a total transaction of $91,410.90.
• On Tuesday, December 10th, Saba Capital Management, L.P. bought 7,284 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was purchased at an average price of $12.26 per share, for a total transaction of $89,301.84.

Pioneer Municipal High Income Opportunities Fund Trading Up 0.4 %

MIO stock traded up $0.05 during mid-day trading on Tuesday, reaching $11.94. 13,876 shares of the stock traded hands, compared to its average volume of 20,198. Pioneer Municipal High Income Opportunities Fund, Inc. has a one year low of $10.55 and a one year high of $12.62. The business has a 50-day moving average price of $12.07 and a two-hundred day moving average price of $12.12.

Pioneer Municipal High Income Opportunities Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.60 annualized dividend and a dividend yield of 5.03%.

Hedge Funds Weigh In On Pioneer Municipal High Income Opportunities Fund

A number of large investors have recently bought and sold shares of MIO. Rivernorth Capital Management LLC lifted its holdings in shares of Pioneer Municipal High Income Opportunities Fund by 49.9% in the 3rd quarter. Rivernorth Capital Management LLC now owns 1,132,947 shares of the company’s stock valued at $14,049,000 after buying an additional 377,242 shares during the period. Whitebox Advisors LLC lifted its stake 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 purchasing an additional 70,022 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of Pioneer Municipal High Income Opportunities Fund during the 2nd quarter valued at about $388,000.