Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) Short Interest Up 23.5% in March

Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) was the target of a large increase in short interest during the month of 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 days-to-cover ratio is currently 0.9 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Saba Capital Management L.P. grew its position in shares of Pioneer Municipal High Income Fund by 13.7% during the 4th quarter. Saba Capital Management L.P. now owns 4,107,961 shares of the investment management company’s stock valued at $38,040,000 after acquiring an additional 494,847 shares during the period. Citadel Advisors LLC purchased a new stake in Pioneer Municipal High Income Fund in the fourth quarter worth $93,000. Bank of America Corp DE increased its holdings in shares of Pioneer Municipal High Income Fund by 6.5% during the fourth quarter. Bank of America Corp DE now owns 34,955 shares of the investment management company’s stock valued at $324,000 after acquiring an additional 2,133 shares in the last quarter. Almitas Capital LLC increased its holdings in Pioneer Municipal High Income Fund by 72.5% in the 4th quarter. Almitas Capital LLC now owns 195,878 shares of the investment management company’s stock worth $1,814,000 after buying an additional 82,347 shares in the last quarter. Finally, Stifel Financial Corp lifted its stake in shares of Pioneer Municipal High Income Fund by 6.0% in the 4th quarter. Stifel Financial Corp now owns 38,049 shares of the investment management company’s stock worth $352,000 after purchasing an additional 2,159 shares during the period.

Pioneer Municipal High Income Fund Trading Up 0.1 %

MHI stock traded up $0.01 during midday trading on Wednesday, reaching $9.22. 40,223 shares of the stock were exchanged, compared to its average volume of 47,903. The company has a fifty day moving average price of $9.38 and a 200 day moving average price of $9.43. Pioneer Municipal High Income Fund has a 52 week low of $8.45 and a 52 week high of $9.74.

Pioneer Municipal High Income Fund Announces Dividend

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

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.