Short Interest in Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) Declines By 25.2%

Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totalling 41,000 shares, a decrease of 25.2% from the July 15th total of 54,800 shares. Based on an average trading volume of 45,700 shares, the days-to-cover ratio is currently 0.9 days.

Pioneer Municipal High Income Fund Price Performance

Shares of Pioneer Municipal High Income Fund stock remained flat at $9.46 during trading hours on Wednesday. 47,953 shares of the stock were exchanged, compared to its average volume of 66,154. The business’s 50 day simple moving average is $9.16 and its 200 day simple moving average is $8.90. Pioneer Municipal High Income Fund has a 12-month low of $6.93 and a 12-month high of $9.57.

Pioneer Municipal High Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Tuesday, August 20th will be paid a dividend of $0.035 per share. The ex-dividend date of this dividend is Tuesday, August 20th. This represents a $0.42 annualized dividend and a yield of 4.44%.

Insider Buying and Selling

In other news, major shareholder Saba Capital Management, L.P. acquired 3,538 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was purchased at an average price of $8.88 per share, for a total transaction of $31,417.44. Following the completion of the transaction, the insider now directly owns 3,453,223 shares in the company, valued at approximately $30,664,620.24. The acquisition was disclosed in a filing with the SEC, which is available through this link. Over the last quarter, insiders purchased 116,356 shares of company stock worth $1,079,995.

Institutional Investors Weigh In On Pioneer Municipal High Income Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MHI. Rothschild Investment LLC purchased a new stake in shares of Pioneer Municipal High Income Fund in the second quarter valued at $46,000. Nomura Holdings Inc. acquired a new stake in Pioneer Municipal High Income Fund in the fourth quarter valued at approximately $104,000. Flow State Investments L.P. acquired a new position in shares of Pioneer Municipal High Income Fund during the fourth quarter worth $181,000. Integrated Capital Management Inc. boosted its position in shares of Pioneer Municipal High Income Fund by 7.1% in the 2nd quarter. Integrated Capital Management Inc. now owns 20,585 shares of the investment management company’s stock worth $188,000 after purchasing an additional 1,370 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC grew its stake in Pioneer Municipal High Income Fund by 1,300.2% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 28,004 shares of the investment management company’s stock worth $248,000 after buying an additional 26,004 shares during the last quarter.

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.