Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) Major Shareholder Saba Capital Management, L.P. Buys 2,769 Shares

Posted by Joseph McCarthy on Jan 10th, 2025

Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO – Get Free Report) major shareholder Saba Capital Management, L.P. bought 2,769 shares of the stock in a transaction that occurred on Wednesday, January 8th. The stock was acquired at an average price of $12.00 per share, for a total transaction of $33,228.00. Following the completion of the transaction, the insider now owns 2,089,157 shares in the company, valued at $25,069,884. This trade represents a 0.13 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own 10% or more 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 Thursday, January 2nd, Saba Capital Management, L.P. bought 5,317 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was bought at an average price of $11.96 per share, with a total value of $63,591.32.
On Monday, December 30th, Saba Capital Management, L.P. bought 21,469 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was purchased 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 purchased 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 shares were purchased at an average cost 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 stock was acquired 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 stock was acquired 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 shares were acquired 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 bought 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. bought 3,881 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was bought at an average price of $12.19 per share, for a total transaction 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 bought at an average price of $12.10 per share, with a total value of $44,770.00.

Pioneer Municipal High Income Opportunities Fund Price Performance

MIO stock traded down $0.06 during mid-day trading on Friday, reaching $11.94. 14,927 shares of the stock traded hands, compared to its average volume of 12,489. Pioneer Municipal High Income Opportunities Fund, Inc. has a 52-week low of $10.48 and a 52-week high of $12.62. The stock’s fifty day moving average is $12.09 and its 200-day moving average is $12.10.

Pioneer Municipal High Income Opportunities Fund Announces Dividend

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Rivernorth Capital Management LLC increased its position in Pioneer Municipal High Income Opportunities Fund by 49.9% during the third quarter. Rivernorth Capital Management LLC now owns 1,132,947 shares of the company’s stock worth $14,049,000 after buying an additional 377,242 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Pioneer Municipal High Income Opportunities Fund in the second quarter worth about $388,000. Finally, Whitebox Advisors LLC boosted its stake in shares of 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 worth $1,335,000 after acquiring an additional 70,022 shares in the last quarter.