Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) Major Shareholder Saba Capital Management, L.P. Acquires 8,561 Shares

Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE:MIO) major shareholder Saba Capital Management, L.P. acquired 8,561 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was bought at an average price of $12.21 per share, with a total value of $104,529.81. Following the acquisition, the insider now directly owns 1,871,532 shares of the company’s stock, valued at $22,851,405.72. The trade was a 0.46 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Monday, November 11th, Saba Capital Management, L.P. acquired 1,660 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was bought at an average price of $12.14 per share, with a total value of $20,152.40.
• On Monday, November 4th, Saba Capital Management, L.P. acquired 5,253 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was bought at an average price of $12.14 per share, with a total value of $63,771.42.
• On Thursday, October 31st, Saba Capital Management, L.P. purchased 2,461 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was acquired at an average price of $12.08 per share, with a total value of $29,728.88.
• On Tuesday, October 29th, Saba Capital Management, L.P. purchased 10,567 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was acquired at an average price of $12.01 per share, with a total value of $126,909.67.
• On Wednesday, August 28th, Saba Capital Management, L.P. purchased 1,500 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was acquired at an average price of $12.09 per share, with a total value of $18,135.00.
• On Friday, August 23rd, Saba Capital Management, L.P. purchased 5,700 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was acquired at an average price of $12.15 per share, with a total value of $69,255.00.
• On Wednesday, August 21st, Saba Capital Management, L.P. purchased 11,768 shares of Pioneer Municipal High Income Opportunities Fund stock. The stock was acquired at an average price of $12.12 per share, with a total value of $142,628.16.

Pioneer Municipal High Income Opportunities Fund Trading Down 0.9 %

NYSE:MIO opened at $12.06 on Thursday. Pioneer Municipal High Income Opportunities Fund, Inc. has a 52-week low of $9.99 and a 52-week high of $12.62. The stock has a 50-day simple moving average of $12.25 and a 200 day simple moving average of $11.93.

Pioneer Municipal High Income Opportunities Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a dividend of $0.05 per share. The ex-dividend date is Friday, November 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 4.98%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Prudent Investors Network Inc. acquired a new position in Pioneer Municipal High Income Opportunities Fund during the first quarter valued at approximately $117,000. Whitebox Advisors LLC boosted its position in Pioneer Municipal High Income Opportunities Fund by 157.0% during the second 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. Blue Bell Private Wealth Management LLC boosted its position in Pioneer Municipal High Income Opportunities Fund by 82.9% during the second quarter. Blue Bell Private Wealth Management LLC now owns 24,065 shares of the company’s stock valued at $280,000 after purchasing an additional 10,906 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 valued at approximately $388,000. Finally, Rivernorth Capital Management LLC lifted its position 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 buying an additional 362,964 shares during the last quarter.