Short Interest in Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) Grows By 33.6%

Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 39,000 shares, an increase of 33.6% from the March 31st total of 29,200 shares. Based on an average trading volume of 38,200 shares, the short-interest ratio is presently 1.0 days.

Pioneer Municipal High Income Opportunities Fund Price Performance

NYSE MIO opened at $11.06 on Friday. Pioneer Municipal High Income Opportunities Fund has a 12 month low of $9.18 and a 12 month high of $11.36.

Pioneer Municipal High Income Opportunities Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Friday, April 19th will be issued a dividend of $0.05 per share. This is a positive change from Pioneer Municipal High Income Opportunities Fund’s previous monthly dividend of $0.05. This represents a $0.60 dividend on an annualized basis and a yield of 5.42%. The ex-dividend date is Thursday, April 18th.

Insiders Place Their Bets

In other news, major shareholder Saba Capital Management, L.P. bought 5,909 shares of the firm’s stock in a transaction on Tuesday, March 19th. The shares were bought at an average price of $11.21 per share, for a total transaction of $66,239.89. Following the purchase, the insider now owns 1,725,979 shares in the company, valued at $19,348,224.59. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Investors Weigh In On Pioneer Municipal High Income Opportunities Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. Blue Bell Private Wealth Management LLC grew its holdings in Pioneer Municipal High Income Opportunities Fund by 1,362.1% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 13,159 shares of the company’s stock valued at $149,000 after buying an additional 12,259 shares in the last quarter. Kingswood Wealth Advisors LLC grew its holdings in Pioneer Municipal High Income Opportunities Fund by 62.0% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 27,835 shares of the company’s stock valued at $315,000 after buying an additional 10,650 shares in the last quarter. Finally, Nomura Holdings Inc. purchased a new stake in Pioneer Municipal High Income Opportunities Fund during the 4th quarter valued at approximately $225,000.