Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) Sees Significant Drop in Short Interest

Pioneer Municipal High Income Advantage Fund, Inc. (NYSE:MAV) was the recipient of a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 49,100 shares, a drop of 24.0% from the December 31st total of 64,600 shares. Based on an average daily volume of 55,800 shares, the short-interest ratio is currently 0.9 days.

Pioneer Municipal High Income Advantage Fund Stock Performance

Shares of MAV stock traded down $0.09 on Friday, reaching $8.52. 81,503 shares of the company’s stock traded hands, compared to its average volume of 41,305. Pioneer Municipal High Income Advantage Fund has a 12-month low of $7.77 and a 12-month high of $9.10. The business’s 50 day moving average price is $8.60 and its two-hundred day moving average price is $8.66.

Pioneer Municipal High Income Advantage Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were issued a dividend of $0.0325 per share. This represents a $0.39 annualized dividend and a dividend yield of 4.58%. The ex-dividend date of this dividend was Wednesday, January 15th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC acquired a new stake in Pioneer Municipal High Income Advantage Fund in the third quarter valued at approximately $92,000. Moloney Securities Asset Management LLC acquired a new stake in shares of Pioneer Municipal High Income Advantage Fund in the 3rd quarter valued at $97,000. XML Financial LLC bought a new stake in Pioneer Municipal High Income Advantage Fund in the third quarter worth $155,000. Insigneo Advisory Services LLC acquired a new position in Pioneer Municipal High Income Advantage Fund during the third quarter worth $203,000. Finally, Kingswood Wealth Advisors LLC increased its holdings in shares of Pioneer Municipal High Income Advantage Fund by 25.6% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 58,700 shares of the company’s stock valued at $495,000 after acquiring an additional 11,975 shares during the last quarter.

Pioneer Municipal High Income Advantage Fund Company Profile

Pioneer Municipal High Income Advantage Fund, Inc is a closed ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc The fund invests in the fixed income markets of the United States. It invests primarily in municipal bonds. The fund benchmarks the performance of its portfolio against the Barclays Capital High Yield Municipal Bond Index and the Barclays Capital Municipal Bond Index.