Short Interest in Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) Rises By 23.5%

Pioneer Municipal High Income Fund, Inc. (NYSE:MHI) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 42,600 shares, a growth of 23.5% from the February 28th total of 34,500 shares. Based on an average trading volume of 46,600 shares, the short-interest ratio is presently 0.9 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Citadel Advisors LLC purchased a new stake in shares of Pioneer Municipal High Income Fund during the fourth quarter worth $93,000. Daner Wealth Management LLC purchased a new stake in Pioneer Municipal High Income Fund during the 4th quarter worth about $247,000. Noble Wealth Management PBC bought a new position in Pioneer Municipal High Income Fund in the 4th quarter worth about $282,000. Blue Bell Private Wealth Management LLC grew its holdings in Pioneer Municipal High Income Fund by 5.5% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 33,742 shares of the investment management company’s stock valued at $312,000 after buying an additional 1,773 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of Pioneer Municipal High Income Fund by 6.5% during the fourth quarter. Bank of America Corp DE now owns 34,955 shares of the investment management company’s stock valued at $324,000 after buying an additional 2,133 shares during the period.

Pioneer Municipal High Income Fund Price Performance

NYSE MHI traded up $0.01 during trading on Tuesday, hitting $9.21. 56,470 shares of the company’s stock traded hands, compared to its average volume of 47,915. Pioneer Municipal High Income Fund has a 12-month low of $8.45 and a 12-month high of $9.74. The business has a 50 day moving average of $9.38 and a 200-day moving average of $9.43.

Pioneer Municipal High Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.035 dividend. This represents a $0.42 annualized dividend and a yield of 4.56%. The ex-dividend date was Friday, March 14th.

Pioneer Municipal High Income Fund Company Profile

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.