Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) Major Shareholder Saba Capital Management, L.P. Purchases 5,317 Shares

Posted by Kyle Jackson on Jan 9th, 2025

Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO – Get Free Report) major shareholder Saba Capital Management, L.P. acquired 5,317 shares of the stock in a transaction dated Thursday, January 2nd. The stock was bought at an average price of $11.96 per share, for a total transaction of $63,591.32. Following the purchase, the insider now owns 2,085,255 shares of the company’s stock, valued at $24,939,649.80. The trade was a 0.26 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

On Monday, December 30th, Saba Capital Management, L.P. purchased 21,469 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was bought at an average cost of $11.91 per share, with a total value of $255,695.79.
On Thursday, December 26th, Saba Capital Management, L.P. acquired 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. bought 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. purchased 20,825 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were purchased at an average price of $12.00 per share, for a total transaction 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 purchased at an average cost of $12.11 per share, for a total transaction of $143,685.15.
On Thursday, December 12th, Saba Capital Management, L.P. bought 7,505 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was purchased at an average cost of $12.18 per share, with a total value of $91,410.90.
On Tuesday, December 10th, Saba Capital Management, L.P. purchased 7,284 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was acquired at an average cost of $12.26 per share, for a total transaction of $89,301.84.
On Wednesday, November 27th, Saba Capital Management, L.P. acquired 3,881 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were acquired at an average cost of $12.19 per share, with a total value of $47,309.39.
On Monday, November 25th, Saba Capital Management, L.P. purchased 3,700 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was acquired at an average cost of $12.10 per share, with a total value of $44,770.00.
On Thursday, November 21st, Saba Capital Management, L.P. acquired 8,760 shares of Pioneer Municipal High Income Opportunities Fund stock. The shares were bought at an average cost of $12.05 per share, for a total transaction of $105,558.00.

Pioneer Municipal High Income Opportunities Fund Stock Performance

Pioneer Municipal High Income Opportunities Fund stock opened at $12.00 on Thursday. The business has a 50 day simple moving average of $12.09 and a 200 day simple moving average of $12.10. Pioneer Municipal High Income Opportunities Fund, Inc. has a one year low of $10.48 and a one year high of $12.62.

Pioneer Municipal High Income Opportunities Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.60 annualized dividend and a dividend yield of 5.00%.

Institutional Investors Weigh In On Pioneer Municipal High Income Opportunities Fund

Several large investors have recently made changes to their positions in MIO. Whitebox Advisors LLC lifted its holdings in Pioneer Municipal High Income Opportunities Fund by 157.0% during the 2nd quarter. Whitebox Advisors LLC now owns 114,612 shares of the company’s stock valued at $1,335,000 after purchasing an additional 70,022 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Pioneer Municipal High Income Opportunities Fund during the second quarter worth approximately $388,000. Finally, Rivernorth Capital Management LLC raised 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 valued at $13,871,000 after acquiring an additional 362,964 shares during the last quarter.